NEW YORK (TheStreet) -- Whirlpool (WHR) shares had coverage initiated with a "buy" rating by analysts at Sterne Agee with a $170 price target on Thursday.
The firm believes that replacement and discretionary demand should increase over the next two years.
The price target represents a 20% upside from the company's Wednesday closing price.
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TheStreet Ratings team rates WHIRLPOOL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHIRLPOOL CORP (WHR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."