Whirlpool price target lowered to $87 from $90 at BofA

BofA lowered the firm’s price target on Whirlpool to $87 from $90 and keeps an Underperform rating on the shares ahead of the company reporting Q2 earnings after market close on Monday, July 24. North America accounts for “virtually all” of Whirlpool’s profitability and North America EBIT has declined year-over-year for seven consecutive quarters through Q1, notes the firm, which is modeling Q2 adjusted EPS of $3.46, below consensus of $3.75.