Raymond James Lowers Whirlpool Production Expectations
Quarter-to-date major appliance industrial production is down 7% year over year trough February, and daily AHAM data is estimated down 4%-6% over the same period, pointing to Q1 industry production and wholesale shipments running below Whirlpool's expectation for flat to slightly down, Raymond James tells investors in a research note. However, March benefits from an easier prior-year comparison and a five-week month, while February PPI pricing data is due later this week, the firm says. Raymond James has a Market Perform rating on Whirlpool.
