Jefferies Boosts Numbers on AO Smith (AOS) Following Investor Meeting

March 20, 2013 7:51 AM EDT
Get Alerts AOS Hot Sheet
Price: $48.46 --0%

Rating Summary:
    14 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 2
Trade AOS Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co, Earnings

Add Your Comment