Why Whirlpool Stock Is Down Big Today
Tariffs and trade wars are eating into business at (NYSE: WHR), causing the company to miss expectations. Investors are worried there is no quick fix, sending Whirlpool shares down 11% as of 10:30 Eastern.
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Whirlpool is one of the potential long-term winners from a trade war, with a relatively large U.S. manufacturing footprint and a business vulnerable to foreign competition. But the tariffs have been more talk than action so far, and that is weighing on returns.
Source Fool.com
Whirlpool Corp. Stock
€71.88
0.450%
The sentiment is rather negative at the moment with 7 Sell predictions and 2 Buy predictions.
With a target price of 66 € there is a slightly negative potential of -8.18% for Whirlpool Corp. compared to the current price of 71.88 €.
