Investing.com – Whirlpool stock (NYSE:) fell 1.6% Monday as RBC downgraded it to underperform believing the peak in profit per share of the home appliance-maker might be behind.

The new peg of $190 is 9.5% lower from the stock’s current level of $210.

A sector performance rating was given to the stock by the brokerage, with a target value of $208.

After third quarter revenue falling short of expectations, Whirlpool reduced its annual sales guidance Friday.

According to Bloomberg, the maker of electric chimneys and refrigerators blamed its financial problems on supply chain problems, particularly semiconductors, as reported by Jim Peters, Whirlpool’s Chief Financial Officer.

It now anticipates that its net revenue for the full year will grow by approximately 13%. This figure is a higher number than it originally set in April, when things were more stable and it realized its original goal of 6% growth wasn’t ambitious enough. Whirlpool stated that 16% growth is possible due to the strong demand in July.

Mike Dahl analyst predicts that margins in this quarter and next year will also drop. In his note, Dahl stated that 2022 will see significant carryover inflation, and volume headwinds could lead to margin pressures.

Dahl says that weaker volumes, and lower margins are downside catalysts.