Goldman Sachs cuts Whirlpool stock rating on demand concerns
Goldman Sachs downgraded Whirlpool Corporation to Neutral from Buy, lowering its price target due to concerns over depressed appliance demand. The firm cited rising inflation, low existing home sales, and consumer response to geopolitical events impacting big-ticket durable goods purchases. Despite Whirlpool's cost-cutting efforts and price increases, Goldman Sachs anticipates persistent operating pressures and a more gradual recovery in profit margins.
https://www.investing.com/news/analyst-ratings/goldman-sachs-cuts-whirlpool-stock-rating-on-demand-concerns-93CH-4687330