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Shares of Whirlpool Corporation WHR gained in after-hours trading on Monday, after the company released its fourth-quarter results.
Credit Suisse on Whirlpool
Analyst Daniel Oppenheim reiterated a Neutral rating and a price target of $140.
The company’s quarterly results were “impacted by supply-chain disruption and weaker demand environment,” Oppenheim said in a note. Whirlpool did not provide any “incremental detail” on its efforts to adjust “its supply chain after recent challenges,” he added.
“2023 guidance embeds expectation of demand recovery and cost savings,” the analyst further stated.
Check out other analyst stock ratings.
Raymond James on Whirlpool
Analyst Sam Darkatsh maintained a Market Perform rating on the stock.
“Whirlpool’s 4Q22 results beat both our updated model and its own prerelease, with upside via international margins,” Darkatsh said. “Constructively, 2023 guidance is higher vs 2 weeks ago, with over half the annual EBIT($) guide spoken for in terms of net cost benefits and raws, plus 75 bp in marketing costs that can be worked lower if need be,” he added.
RBC Capital Markets on Whirlpool
Analyst Mike Dahl reiterated an Underperform rating with a price target of $108.
“Net, FY’23 guide came in better than WHR’s earlier pre-release suggested, however, we believe this is still built on overly optimistic assumptions in light of recent weakness and continued housing pressures which we expect will persist through ’23,” Dahl said. “Our take is this guide likely provides fodder for the bears post the print even if there’s an initial bounce,” he added.
WHR Price Action: Shares of Whirlpool had up by 0.63% to $154.24 at the time of publication Tuesday.
Photo: Shutterstock
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Image and article originally from www.benzinga.com. Read the original article here.