Whirlpool price target lowered to $92 from $121 at RBC Capital

RBC Capital lowered the firm’s price target on Whirlpool to $92 from $121 and keeps an Underperform rating on the shares. The company’s steep core margin guide-down and step lower in free cash flows were somewhat masked by a sizable tax adjustment in EPS, though its margins will likely remain pressured against subdued volumes and elevated competitive and promotional activity, the analyst tells investors in a research note.