KeyBanc Downgrades Whirlpool (WHR) to Hold

KeyBanc downgraded shares of Whirlpool Corporation (NYSE: WHR) from Buy to Hold in a mid-day research note Wednesday. The firm's $85 price target was suspended.

The lowered investment ratings comes amid KeyBanc's "view that a valuation ceiling is now likely in place near term following the ITC negative ruling on refrigerators (and likely read-through to washers in time) that removes preliminary tariffs in place since November 2011."

While the firm's FY12 earnings estimate of $6.50 per share was not changed, the Q1 estimate was lowered from $1.19 to $1.14. This is right inline with the Street's current estimate.

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

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