NEW YORK, June 2 (New Ratings) ““ Analysts at Morgan Keegan maintain their “outperform” rating on Whirlpool Corp
In a research note published yesterday, the analysts mention that the growth in Whirlpool’s global operations would outpace that of the company’s domestic operations. The company’s European unit is expected to perform well in the forthcoming quarters, the analysts add. According to Morgan Keegan, Whirlpool’s stock is currently undervalued in view of the company’s ability for low cost sourcing. The EPS estimates for 2004 and 2005 have been raised from $5.91 to $6.30 and from $6.30 to $6.82, respectively.
From New Ratings
