Whirlpool price target lowered to $60 from $70 at BofA

BofA lowered the firm’s price target on Whirlpool (WHR) to $60 from $70 and keeps an Underperform rating on the shares after the company reported Q3 adjusted EBIT of $180M and cut 2025 adjusted EBIT guidance to about $800M from $900M and free cash flow guidance to about $200M from $400M. Following the Q3 report, the firm lowers its 2025 and 2026 EBITDA forecasts by 8% and 6%, respectively, to reflect a weaker gross margin outlook.