Whirlpool price target raised to $150 from $140 at Credit Suisse

Credit Suisse analyst Daniel Oppenheim raised the firm’s price target on Whirlpool to $150 from $140 and keeps a Neutral rating on the shares. Following the firm’s initial note on the company’s Q4 results, Credit Suisse is cutting its 2023 and 2024 estimates to $15.30 and $16.30, respectively. Its 2023 estimate is modestly below the low end of management’s guidance as the firm have a more cautious view of housing turnover – a key driver of appliance sales – through 2023.