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WHR

Whirlpool

$110.96

6.67 (6.40%)

, IBM

IBM

$126.48

-0.72 (-0.57%)

14:03
10/25/18
10/25
14:03
10/25/18
14:03

Whirlpool teams with IBM on global Cloud operations management

IBM (IBM) and Whirlpool (WHR) announced that Whirlpool will use IBM Cloud to manage and provide 24/7 access to the company's critical enterprise applications including enterprise resource planning, customer relationship management, and business warehouse to help provide worldwide operations efficiency. As Whirlpool Corporation purposefully innovates its smart appliances to fulfill real human needs, it must increasingly rely on growing amounts of data to achieve what consumers expect from the world's leading manufacturer of major home appliances. In working with IBM on a cloud-based approach, the Benton Harbor, Mich., based Whirlpool Corporation will leverage the flexibility and scalability of the IBM Cloud to run Whirlpool's SAP HANA environments, including around the clock insights into its 70 manufacturing global sites, its distribution and call centers, and other systems to provide worldwide access and increased efficiencies. "Whirlpool Corporation is a manufacturing leader, and we have moved our work to the cloud aggressively," said Mike Berendsen, vice president of IT for Whirlpool Corporation. "This collaboration with IBM will continue to allow us to leverage the capabilities of SAP on HANA as we continue to be a tech-forward company in the products we design and our global work environments."

WHR

Whirlpool

$110.96

6.67 (6.40%)

IBM

IBM

$126.48

-0.72 (-0.57%)

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WHR Whirlpool
$110.96

6.67 (6.40%)

10/02/18
GSCO
10/02/18
INITIATION
Target $107
GSCO
Sell
Whirlpool initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Doug Clark initiated Whirlpool with a Sell and $107 price target. Clark expects lower returns relative to peers due to increasing domestic competition, underutilization in Europe, and price elasticity.
10/08/18
LBOW
10/08/18
NO CHANGE
LBOW
Neutral
Whirlpool estimates lowered at Longbow despite 'positive' September in NA
Longbow analyst David Macgregor said that while he was encouraged by his appliance industry checks that showed trends in North America turned positive in September, his checks also pointed to worse than expected trends in Latin America. Following the checks, he lowered his Q3 EPS and sales estimates for both Whirlpool and peer Electrolux and he maintains a Neutral rating on both stocks.
10/09/18
JPMS
10/09/18
DOWNGRADE
Target $122
JPMS
Neutral
Whirlpool downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Rehaut downgraded Whirlpool to Neutral and lowered his price target for the shares to $122 from $165. The analyst expects a "continued tepid housing recovery" and moderating home price appreciation to result in softer repair/remodel demand growth next year. U.S. appliance industry shipments have remained weak in recent months, which drive downside risk to Whirlpool's 2018 industry growth outlook as well as its North America margins, Rehaut tells investors in a research note.
10/17/18
FBCO
10/17/18
NO CHANGE
Target $125
FBCO
Outperform
Whirlpool price target lowered to $125 from $175 at Credit Suisse
Credit Suisse analyst Susan Maklari lowered her price target for Whirlpool (WHR) to $125 from $175 to reflect continued pressures from inflation and reduced overhead leverage. While international challenges continue to drag on results, pricing in North America could help provide a necessary offset, she contends. The analyst notes that Sears' (SHLD) Chapter 11 filing should result in few changes in long-term appliance trends, though there could be some near-term choppiness as 142 additional stores are closed and liquidated. Maklari reiterates an Outperform rating on Whirlpool shares.
IBM IBM
$126.48

-0.72 (-0.57%)

10/18/18
ARGS
10/18/18
DOWNGRADE
ARGS
Hold
IBM downgraded to Hold from Buy at Argus
10/18/18
ARGS
10/18/18
DOWNGRADE
ARGS
Hold
IBM downgraded to Hold at Argus on 'fading growth prospects'
As noted earlier, Argus analyst James Kelleher downgraded IBM to Hold after its Q3 revenue miss, saying the company's growth prospects are "fading". The analyst notes that revenues have "flipped back to negative" while margin in key business segments have shrunk. Kelleher adds that even though the stock is trading at a discount, a Hold rating is "appropriate" until the company can show "consistent top-line growth, margin expansion, and earnings acceleration".
10/18/18
WEDB
10/18/18
NO CHANGE
Target $165
WEDB
Neutral
IBM price target lowered to $165 from $185 at Wedbush
Wedbush analyst Moshe Katri lowered his price target for IBM to $165 from $185 after the company reported mixed Q3/CY18 results as the "growth" areas at IBM, namely Strategic Imperatives, Cognitive and Cloud are yet to show growth consistency/acceleration while profitability performance also remains unconvincing. The analyst continues to believe that only undertaking the difficult path of aggressively terminating/restructuring underperforming units, hence, sacrificing top-line growth for generating margin/free cash flow improvements will likely generate significant return to shareholders. Katri reiterates a Neutral rating on the shares.
10/18/18
10/18/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. IBM (IBM) downgraded to Hold from Buy at Argus with analyst James Kelleher saying the company's growth prospects are "fading." 2. Gap (GPS) downgraded to Underweight from Neutral at JPMorgan with analyst Matthew Boss saying the timeframe for sequential same-store-sales improvement at the Gap brand and a return to the "momentum" last seen in the second half of 2017 is now less certain as the brand grapples with operational issues and an "assortment imbalance." 3. Yum! Brands (YUM) downgraded to In Line from Outperform at Evercore ISI with analyst Matt McGinley saying the recent move in shares have placed its valuation closer to the top of its peer franchised peers. 4. EnLink Midstream Partners (ENLK) downgraded to Neutral from Buy at Citi with analyst Mirek Zak citing valuation. 5. Wingstop (WING) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst John Glass citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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ESLT

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ADM

Archer Daniels

$39.17

-0.03 (-0.08%)

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JCP

J.C. Penney

$0.93

0.022 (2.42%)

, DDS

Dillard's

$56.57

0.25 (0.44%)

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JCP

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$0.93

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$56.57

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JWN

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$33.50

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TGT

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$81.57

2.17 (2.73%)

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  • 12

    Jun

JPM

JPMorgan

$109.78

1.14 (1.05%)

, AKZOY

AkzoNobel

$0.00

(0.00%)

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$74.12

0.33 (0.45%)

MSFT

Microsoft

$126.23

0.04 (0.03%)

CMWAY

Commonwealth Bank of Australia

$0.00

(0.00%)

SIEGY

Siemens

$0.00

(0.00%)

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AT&T

$32.29

0.15 (0.47%)

RDS.A

Royal Dutch Shell

$63.29

0.84 (1.35%)

RHHBY

Roche

$0.00

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NVS

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$87.49

3.03 (3.59%)

BHP

BHP Group

$52.47

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GM

General Motors

$35.13

0.01 (0.03%)

, TSLA

Tesla

$190.80

-4.7 (-2.40%)

13:19
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GM

General Motors

$35.13

0.01 (0.03%)

TSLA

Tesla

$190.80

-4.7 (-2.40%)

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  • 04

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RNLSY

Renault

$0.00

(0.00%)

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FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

, DWDP

DowDuPont

$31.10

0.16 (0.52%)

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DowDuPont spinoff a new agriculture stock, FMC safer bet, Barron's says »

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FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

DWDP

DowDuPont

$31.10

0.16 (0.52%)

03/08/13
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  • 29

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MGM

MGM Resorts

$25.55

0.19 (0.75%)

13:03
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MGM Resorts looks like an attractive gambling play, Barron's says »

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  • 29

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PYPL

PayPal

$109.82

-0.09 (-0.08%)

, AXP

American Express

$119.52

1.07 (0.90%)

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PYPL

PayPal

$109.82

-0.09 (-0.08%)

AXP

American Express

$119.52

1.07 (0.90%)

MA

MasterCard

$251.40

1.57 (0.63%)

V

Visa

$162.72

1.2 (0.74%)

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GOOG

Alphabet

$1,132.99

-7.56 (-0.66%)

, GOOGL

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MSFT

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AMBA

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ON

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NKE

Nike

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ADDYY

Adidas

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UAA

Under Armour

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UA

Under Armour

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Foot Locker

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VMC

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FLR

Fluor

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ACM

Aecom

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X

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AK Steel

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NUE

Nucor

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Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$12.85

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F

Ford

$9.83

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GM

General Motors

$35.13

0.01 (0.03%)

HMC

Honda

$25.45

0.175 (0.69%)

NSANY

Nissan

$0.00

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TM

Toyota

$118.54

1.16 (0.99%)

VWAGY

Volkswagen

$0.00

(0.00%)

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UBER

Uber

$41.40

0.94 (2.32%)

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  • 30

    May

APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

17:46
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Aptose Biosciences files for $40M at-the-market common stock offering »

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  • 04

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

17:26
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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:25
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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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SuperCom discloses Nasdaq notice regarding delayed 20-F filing »

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:20
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U.S. Energy receives noncompliance notice from Nasdaq »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:17
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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
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ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
05/24/19
05/24
16:53
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16:53
Periodicals
Apple acquires startup Tueo Health, CNBC reports »

Apple has bought Tueo…

03/08/13
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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
05/24/19
05/24
16:52
05/24/19
16:52
Syndicate
Breaking Syndicate news story on SharpSpring »

SharpSpring files to sell…

03/08/13
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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
05/24/19
05/24
16:41
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16:41
Syndicate
Breaking Syndicate news story on China Recycling Energy »

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03/08/13
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