Dice with pencil on graph paper
Markets

Whirlpool Downgraded to “Neutral” at Goldman Sachs (WHR)

Appliance maker Whirlpool Corporation ( WHR ) on Tuesday saw its price target and rating cut by analysts at Goldman Sachs.

The firm said it lowered its rating on WHY from "Buy" to "Neutral" while slashing its price target from $82 all the way down to $60. That new target suggests a small upside to the stock's Friday closing price of $58.36.

Goldman noted that lower earnings through 2013 will cut into the company's valuation and may cause other analysts to lower their estimates.

Whirlpool shares fell $2.36, or -4%, in premarket trading Tuesday.

The Bottom Line

Shares of Whirlpool ( WHR ) have a 3.43% dividend yield, based on Friday's closing stock price of $58.36. The stock has technical support in the $55-$56 price area. If the shares can firm up, we see overhead resistance around the $63-$65 price levels.

Whirlpool Corporation ( WHR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WHR

Other Topics

Stocks

Latest Markets Videos