In a report published Thursday, Longbow Research analyst David MacGregor reiterated a Buy rating on Whirlpool Corporation WHR.
In the report, Longbow Research noted, “We view WHR as a strong play on a cyclical recovery in consumer durables and housing related consumer spending. The company provides both cyclical growth and cash generation from an industry leader with a leading portfolio of brands and the industry's broadest distribution. Strong FCF in 2013-2014 will support share repurchases, dividend increases and M&A.”
Whirlpool closed on Wednesday at $144.25.
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