BofA lowered the firm’s price target on Whirlpool (WHR) to $60 from $70 and keeps an Underperform rating on the shares after the company reported Q3 adjusted EBIT of $180M and cut 2025 adjusted EBIT guidance to about $800M from $900M and free cash flow guidance to about $200M from $400M. Following the Q3 report, the firm lowers its 2025 and 2026 EBITDA forecasts by 8% and 6%, respectively, to reflect a weaker gross margin outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WHR:
- Whirlpool Faces Financial Strain as Credit Ratings Downgrade Hits Hard
- Whirlpool’s Financial Outlook: Hold Rating Amid Operational Challenges and Revised Guidance
- Whirlpool’s Financial Struggles and Revised Outlook Prompt Sell Rating
- Closing Bell Movers: Rambus slips 9%, F5 down 6% after Q3 earnings
- Whirlpool reports Q3 adjusted EPS $2.09, consensus $1.39