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Fly News Breaks for April 25, 2018
WHR
Apr 25, 2018 | 07:49 EDT
Goldman Sachs analyst Samuel Eisner lowered his price target on Whirlpool to $130 and kept his Sell rating after the company's Q1 earnings, saying the stock price rally should be faded on continued risks around its EBIT guidance, the ongoing headwinds in EMEA markets, and high raw materials input costs. Eisner further believes that Whirlpool was able to back its earnings and free cash flow outlook because of one-time benefits of tax rate, BEFIEX credits, and LRW pricing, facing more competitive pressure going forward.
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