Whirlpool: Wells Fargo lowers price target to $30

Wells Fargo has reduced its price target for Whirlpool from $39 to $30 per share, while maintaining an ‘Equal Weight’ rating. The adjustment reflects caution regarding the company’s ability to sustain profitability amidst declining revenues.

Despite expectations of improved earnings through cost-cutting measures, analysts note a potential gap between Whirlpool’s corporate guidance and market expectations. Recent quarterly results showed a loss of $0.21 per share, missing the expected loss of $0.06 per share, with revenues totaling $3.52 billion. While the company forecasts earnings per share between $2.50 and $3.00 for fiscal year 2026, market consensus remains lower, contributing to investor hesitation.