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Fly News Breaks for June 18, 2019
WHR
Jun 18, 2019 | 08:24 EDT
Longbow analyst David MacGregor noted that AHAM Core 6 shipments reported yesterday for May were up 9.9%, which was above his expectations. However, AHAM Core 6 shipments year-to-date are trending below Whirlpool's 2019 North American industry guidance of flat to down 2%, MacGregor pointed out. He still views the stock as attractive heading in the second half of the year and thinks Whirlpool shares can work back into the $145-$190 trading range that extended from 2015 through the first half of 2018. MacGregor keeps a Buy rating on Whirlpool shares.
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