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Analyst Sees Margin Gains in Whirlpool (WHR) On Anti-Dumping Ruling

December 19, 2012 5:49 PM EST Send to a Friend
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Price: $153.75 --0%

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The U.S. Department of Commerce (DOC) today took an important step toward leveling the playing field for U.S. manufacturers as it gave its final ruling in a case involving imports of large residential washers from South Korea and Mexico. The DOC concluded that foreign manufacturers, including LG and Samsung, are dumping large residential washers into the U.S. market, violating U.S. and international trade laws. The ruling is in response to a petition filed by Whirlpool Corporation (NYSE: WHR) in December 2011.

Commenting on the developments, Goldman Sachs analyst Joshua Pollard said, "Today's ruling is positive for appliance pricing and margin expectations. Recent price discipline in the North America has been in the background of a higher level of scrutiny on the pricing practices of South Korean manufactures. Price increases in 2012 have helped appliance makers like Whirlpool balance the price commodity relationship and achieve meaningful operating margin expansion."

Goldman Sachs has a Buy rating on Whirlpool Corporation (NYSE: WHR).

For an analyst ratings summary and ratings history on Whirlpool Corporation click here. For more ratings news on Whirlpool Corporation click here.

Shares of Whirlpool Corporation closed at $102.72 yesterday.




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