Here's Why Shares in Whirlpool Zoomed Higher This Week
There's no secret to it. The market was awash with speculation over a potential takeover bid from German industrial giant Bosch following a Reuters article on the matter. The German company is reportedly looking at bidding for (NYSE: WHR).
Investors and industry management can look at companies differently. While some of the former, particularly Wall Street, stress over quarter-by-quarter earnings being here or there, managements often focus on making long-term strategic decisions at opportune moments.
That's why it makes sense for Bosch to be looking at Whirlpool potentially.
Source Fool.com
Whirlpool Corp. Stock
€94.08
-3.690%
Based on 3 Buy predictions and 3 Sell predictions the sentiment towards Whirlpool Corp. is rather balanced.
With a target price of 87 € there is a slightly negative potential of -7.53% for Whirlpool Corp. compared to the current price of 94.08 €.
