Raymond James Sticks With Neutral Whirlpool Stance As Appliance Sales Drop
Raymond James said the figures partly reinforce its neutral stance on Whirlpool Corporation (NYSE: WHR). Raymond James' Sam Darkatsh maintains a Market Perform rating on Whirlpool. The research firm continues to estimate Whirlpool's North America unit shipments for the first quarter —scheduled for April 22 — at negative 1.3 percent, or roughly in-line with the consensus estimate of negative 1.5 percent. This is not comparable with AHAM's recent data readouts, as it includes selling activity on small appliances and performance in Canada.