Whirlpool investors should start discounting improving demand, says Loop Capital

Loop Capital analyst David MacGregor keeps a Buy rating and $140 price target on Whirlpool, noting that while the outlook for the first half of the year is “tough”, investors should start discounting improving demand as interest rates gradually decline. The valuation of 8-times expected 2024 EPS and 7-times on enterprise value to expected EBITDA basis is “reflective of exaggerated negative sentiment”, the analyst tells investors in a research note.