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Bull of the Day: Whirlpool (WHR)

Zacks Equity Research

We have upgraded our recommendation on shares of Whirlpool (WHR) to Outperform from Neutral and set a target price of $123.00. The company has posted more than six fold increase in third quarter earnings to $1.80 per share, exceeding the Zacks Consensus Estimate by $0.20, led by improvements in its North American operations.

The company continues to be the largest maker of home appliances in the world by focusing on innovative product range. Further, its cost containment measures have started bearing fruit. As a result, the company has upgraded its full-year 2012 EPS guidance.

Our long-term Outperform recommendation on the stock indicates that it will perform better than the broader market. Our $123.00 target price, 17.5x our 2012 EPS estimate, reflects this view.

WHIRLPOOL CORP (WHR): Free Stock Analysis Report

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