UPDATE: MKM Partners Initiates Coverage on Whirlpool on Compelling Investment Opportunity

In a report published Wednesday, MKM Partners analyst Megan McGrath initiated coverage on

with a Buy rating and $183.00 price target. In the report, MKM Partners noted, “We are initiating coverage of Whirlpool (WHR) with a Buy rating and a $183 price target. While WHR has outperformed its building products peers and the S&P 500 this year, we believe there is still upside to earnings and valuation that provide a compelling investment opportunity over the next 12 months.” Whirlpool closed on Tuesday at $148.99.