Whirlpool Upgrade May Lift Home Appliance Stocks

Whirlpool Corporation (WHR) shares jumped almost 3% Thursday after JPMorgan upgraded the stock from “neutral” to “overweight” and bumped its price target to $172 from $155. The investment bank noted that the home appliance giant currently trades at just 10 times and 8.5 times respective 2019 and 2020 earnings, representing discounts of roughly 10% to 15% to … Read more