Mizuho initiates Whirlpool with 'neutral' rating; flags margin pressure

Mizuho initiates home appliance firm Whirlpool WHR.N with "neutral" rating; sets price target at $55

PT represents a 3.2% downside to stock's last close

"Near-term margin pressure from tariffs, lower shipments, persisting consumer softness and potential for another dividend cut on the back of elevated earnings risk keeps us sidelined," brokerage says

However, adds that co's targeted restructuring plan and $300 mln multi-year facelift in laundry creates an opportunity to improve operational performance over time

As of last close, shares down 21.2% YTD