Jefferies raises PT for A.O. Smith on strong water heater shipment data

A O Smith

12/04/2024 19:23

** Brokerage Jefferies increased PT on water heater maker
A.O. Smith  AOS.N  to $90 from $85, rating the stock "hold"
    ** Raises estimates on the back of strong commercial and
residential shipments for water heaters in Jan-Feb
    ** Expects a beat-and-raise at Q1 earnings
        ** The new price target represents a 4.5% upside to
stock's last close
    ** Shares up 4.38% YTD

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))