Whirlpool price target lowered to $85 from $92 at RBC Capital

RBC Capital lowered the firm’s price target on Whirlpool to $85 from $92 and keeps an Underperform rating on the shares. The firm is cutting its FY24 EPS view by 17c to $3.84 after the company reported another margin miss in North America, with the FY24 guide calling for the weakest North America margin performance since 2012 persisting as price, mix, and promotional levels “remain challenging”, the analyst tells investors in a research note.