Bosch Bid Hype Fades, But Analyst Sees Whirlpool's Potential
Portfolio Pulse from Lekha Gupta
Whirlpool Corporation (NYSE:WHR) shares are trading lower after a surge due to rumors of a potential bid by Robert Bosch GmbH. Goldman Sachs analyst Susan Maklari rated WHR as Buy with a price target of $118, noting Whirlpool's strong market position. However, the company's revenues and adjusted EBITDA have decreased significantly from 2021 to 2023. Investors can also gain exposure to WHR via the iShares Core S&P Mid-Cap ETF (NYSE:IJH) and the Schwab US Dividend Equity ETF (NYSE:SCHD).
June 27, 2024 | 5:24 pm
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NEUTRAL IMPACT
Investors can gain exposure to Whirlpool via the iShares Core S&P Mid-Cap ETF (NYSE:IJH). The ETF may see minor fluctuations due to Whirlpool's stock movements.
IJH holds Whirlpool shares, so its performance may be slightly impacted by Whirlpool's stock movements. However, the overall impact on the ETF is likely to be minor due to its diversified holdings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors can gain exposure to Whirlpool via the Schwab US Dividend Equity ETF (NYSE:SCHD). The ETF may see minor fluctuations due to Whirlpool's stock movements.
SCHD holds Whirlpool shares, so its performance may be slightly impacted by Whirlpool's stock movements. However, the overall impact on the ETF is likely to be minor due to its diversified holdings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Whirlpool shares are trading lower after a surge due to rumors of a potential bid by Robert Bosch GmbH. Goldman Sachs analyst Susan Maklari rated WHR as Buy with a price target of $118, noting Whirlpool's strong market position. However, the company's revenues and adjusted EBITDA have decreased significantly from 2021 to 2023.
The stock is experiencing a pullback after a surge due to bid rumors. The Buy rating and price target from Goldman Sachs provide a positive outlook, but the significant decline in revenues and EBITDA from 2021 to 2023 weighs on the valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100