Whirlpool price target lowered to $89 from $109 at JPMorgan

JPMorgan analyst Michael Rehaut lowered the firm’s price target on Whirlpool (WHR) to $89 from $109 and keeps a Neutral rating on the shares following the Q1 report. The company reiterated its guidance, as tariff headwinds of roughly $400M are expected to be offset primarily by pricing as well as cost actions and some supply chain adjustments, the analyst tells investors in a research note. The firm believes Whirlpool’s valuation reasonably reflects its headwinds.