Whirlpool initiated with a Buy at Loop Capital

Loop Capital initiated coverage of Whirlpool with a Buy rating and $140 price target. The analyst says the “timing is right for the company” with the stock down 10% year-to-date. The firm expects investors to start discounting improving demand as interest rates gradually decline. Whirlpool’s long-term margin outlook is also improving as raw materials, energy, and logistics costs start to revert towards historical norms over time, the analyst tells investors in a research note.