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Fly News Breaks for June 4, 2018
WHR
Jun 4, 2018 | 08:09 EDT
As previously reported, Credit Suisse analyst Susan Maklari upgraded Whirlpool to Outperform from Neutral and raised her price target on the shares to $195 from $170 as positive U.S. tailwinds suggest upside to current valuation. Although U.S. flat steel prices are up 30% through May, the analyst believes this can be offset through a combination of pricing and ongoing cost reduction. The move in steel following the tariff announcements is expected to normalize in 2H, she adds.
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