Whirlpool Maintains Outperform Rating, Estimates Raised Jun 3, 2004

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Analysts at Morgan Keegan maintained their "outperform" rating on Whirlpool Corp. in a research note that was published on June 1. The analysts say the growth in Whirlpool’s global operations would outpace that of the company’s U.S. operations.

The appliance maker's European unit is expected to perform well in the forthcoming quarters, the analysts reported. They also say that 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 U.S. $5.91 to $6.30 and from $6.30 to $6.82, respectively. (New Ratings)

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