RBC Capital raised the firm’s price target on Whirlpool to $121 from $118 but keeps an Underperform rating on the shares after its Q2 earnings beat and affirmed guidance. The company’s North America volumes were somewhat resilient but with a challenging promotion and margin backdrop, the guide reflects a steeper inflection in operating profit that RBC continue to see as a “potential stretch”, the analyst tells investors in a research note.
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- Whirlpool CEO says margins improved sequentially in Q2
- Whirlpool Announces Solid Second Quarter Results; Reaffirms 2023 Earnings Guidance
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