UBS Reiterates Neutral Rating on AO Smith (AOS), Likes 2H EPS Setup

UBS analyst Damian Karas reiterated a Neutral rating and $76.00 price target on AO Smith (NYSE: AOS).

The analyst commented, "As 2H progresses, AOS is being proactive in managing the business in the face of industry headwinds that include tariffs/cost inflation and minimal volume growth...Bottom line, we continue to like the 2H EPS set-up on margin beat, we think China is nearing trough as 2H comps get better, and we see upside from a potential China divestiture. But, we also think investors will want to see evidence of an improved NA demand environment in which AOS is not losing market share."

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 $74.30 yesterday.

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