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Fly News Breaks for November 17, 2015
WHR
Nov 17, 2015 | 09:03 EDT
Longbow said the Association of Home Appliance Manufacturers, or AHAM, reported October Core 6 wholesale shipments of up +9.9%, above the firm's +8-10% forecast. Analyst David MacGregor continues to recommend Buy rated Whirlpool and feels strongly that current valuation is an excellent value. MacGregor expects catalysts from recovering cyclical fundamentals in both North America and Europe, cost restructuring in Latin America, synergies from well-timed acquisitions, and shareholder friendly capital deployment.
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