Whirlpool - Household Appliance Manufacturer Back on Track Thanks to Cost-Cutting Measures!
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Business drivers: Whirlpool (WHR) is one of the world's leading manufacturers of household appliances. Whirlpool is particularly strong in washing machines, dryers, dishwashers, refrigerators, and built-in appliances like ovens. After facing declining revenue due to rather mixed consumer demand, Whirlpool is successfully countering this with restructuring and cost-cutting measures. On June 13, Bank of America upgraded Whirlpool from Underperform to Neutral and raised the price target from $68 to $94!
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