Whirlpool Corporation (WHR) is set to benefit from greater geographic flexibility in the face of deteriorated conditions in the U.S. and European markets. It enjoys a brand image developed through continued investment in innovating new products.
The company has a diversified product portfolio, which helps it to serve distinct markets across the world. It aims to mitigate the slackening demand by undertaking significant cost reduction actions. These actions, in turn, have helped the company to improve liquidity.
The company’s earnings for the third quarter were much better than the Zacks Consensus Estimate. The results prompt us to upgrade the recommendation on Whirlpool from Neutral to Outperform with a target price of $92.Zacks Investment Research
