Whirlpool Inventory Reduction, Low Discretionary Spending Led To Q4 Revenue Miss, Says Analyst
1. Goldman Sachs reiterated a Buy rating for Whirlpool at a $138 price target. 2. Whirlpool's Q4 EPS of $4.57 exceeded expectations due to a lower tax rate. 3. Revenue fell 18.7%, slightly better than analyst forecasts, impacting margins and EBIT. 4. North America MDA revenue declined only 1%, outperforming the predicted 2% drop. 5. WHR plans to sell 31% of Whirlpool India stake to reduce debt by $700 million.