Wedbush Upgrades AO Smith (AOS) to Outperform
Get Alerts AOS Hot Sheet
Rating Summary:
10 Buy, 18 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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Wedbush upgraded AO Smith (NYSE: AOS) from Neutral to Outperform with a price target of $53.00 (from $49.00).
Analyst David L. Rose said, "Quarterly results provide reassurance in LT growth outlook. Despite concerns over a heated property market in China, we believe increasing demand for both hot and clean water in Asia along with a healthy U.S. housing market provides a solid multiyear backdrop for AOS. In our view, the recent pullback in shares since November provides a good entry point for long-term growth-oriented investors; and we are upgrading the shares to OUTPERFORM from NEUTRAL."
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 $46.73 yesterday.
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