Jefferies Boosts Numbers on AO Smith (AOS) Following Investor Meeting
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Price: $40.13 +1.24%
Rating Summary:
7 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
7 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade AOS Now!
Jefferies raised its price target on Buy-rated AO Smith (NYSE: AOS) from $80 to $83 following a Jefferies sponsored meeting between the CEO and investors.
"We sponsored a group meeting between the CEO and investors and are emboldened in our view that earnings visibility is high owing to multiple revenue streams," analyst R. Scott Graham commented. "We sense 2013 has started reasonably well. We sensed nothing near term with M&A. We have edged up our forecasts and PT. AOS remains a top pick."
The firm raised FY13 EPS estimates from $3.52 to $3.57 and FY14 EPS from $4.03 to $4.14.
For an analyst ratings summary and ratings history on AO Smith click here. For more ratings news on AO Smith click here.
Shares of AO Smith closed at $73.44 yesterday, with a 52 week range of $42.06-$74.27.
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"We sponsored a group meeting between the CEO and investors and are emboldened in our view that earnings visibility is high owing to multiple revenue streams," analyst R. Scott Graham commented. "We sense 2013 has started reasonably well. We sensed nothing near term with M&A. We have edged up our forecasts and PT. AOS remains a top pick."
The firm raised FY13 EPS estimates from $3.52 to $3.57 and FY14 EPS from $4.03 to $4.14.
For an analyst ratings summary and ratings history on AO Smith click here. For more ratings news on AO Smith click here.
Shares of AO Smith closed at $73.44 yesterday, with a 52 week range of $42.06-$74.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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