Whirlpool price target raised to $118 from $108 at RBC Capital

RBC Capital analyst Mike Dahl raised the firm’s price target on Whirlpool to $118 from $108 after its Q4 earnings beat but keeps an Underperform rating on the shares. The near-term environment remains meaningfully weak despite the company’s more optimistic views for a quick recovery, with pressures on demand and margins likely to persist through FY23 as housing remains challenged, the analyst tells investors in a research note.