Whirlpool Corporation (WHR) is set to benefit from greater geographic flexibility in the face of deteriorated conditions in the U.S. and European markets. It enjoys a brand image developed through continued investment in innovating new products.

The company has a diversified product portfolio, which helps it to serve distinct markets across the world. It aims to mitigate the slackening demand by undertaking significant cost reduction actions. These actions, in turn, have helped the company to improve liquidity.

The company’s earnings for the third quarter were much better than the Zacks Consensus Estimate. The results prompt us to upgrade the recommendation on Whirlpool from Neutral to Outperform with a target price of $92.

Zacks Investment Research

1. (SLM) SLM Corporation (Sallie Mae) – Bull of the DayWe are upgrading our recommendation on the shares of SLM Corporation, or Sallie Mae (SLM)...
2. (WHR) Whirlpool Corporation – Next-Year’s Earnings Estimates Are Very BullishWhirlpool Corp. (WHR) has had a great year in spite of the challenging consumer environment,...
3. (SEE) Sealed Air Corporation – Bull of the DaySealed Air Corporation (SEE) reported third quarter 2009 EPS of 38 cents, above the Zacks...
4. (WHR) Whirlpool Corporation Profits Plummet 47%Whirlpool Corporation (WHR) has revealed a 47% drop in its profit to $87 million or...
5. (VAL) Valspar Corporation – Bull of the DayWe are upgrading Valspar Corporation (VAL) shares to Outperform with a target price of $32.00....
6. (ITT) ITT Corporation – Bull of the DayWe are initiating coverage on ITT Corporation (ITT) with an Outperform rating and $57 target...

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