Stock Track | Whirlpool Plummets 5.05% Intraday After Price Target Cuts by Citi and JPMorgan
Stock Track
May 11
Whirlpool's stock plummeted 5.05% during intraday trading on Monday, following a series of analyst price target reductions from major financial institutions.
The decline came after Citi lowered its price target on Whirlpool to $50 from $60 while maintaining a Neutral rating on the shares. Separately, JPMorgan also reduced its price target on the company to $52 from $59, similarly keeping a Neutral rating.
These downward revisions by prominent analysts reflect a more cautious outlook on Whirlpool's future performance, contributing to negative investor sentiment and the stock's significant drop during the trading session.
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