Maytag shares rise

Maytag shares rise
 
Date March 22, 2005
Section(s) Business
Brief  
 
Shares of Maytag Corp. gained more than 5 percent after an upgrade to “neutral” from “sell” by Longbow Research.

Maytag shares rose 68 cents closing at $14.15 on Monday with more than 4.2 million shares traded. It was up another 25 cents in early trading today.

“While we continue to believe Maytag is suffering from a number of competitive disadvantages, the additional price increases [announced in April] are likely to result in a net favorable contribution to Maytag‘s bottom line in 2005,” analyst David MacGregor wrote in a note to clients.

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