Jefferies Reiterates Hold Rating on AO Smith (AOS)

Jefferies analyst Saree Boroditsky reiterated a Hold rating and $90.00 price target on AO Smith (NYSE: AOS).

The analyst comments "We hosted a call with John Altepeter, an AOS water heater representative in the Tennessee region. Key takeaways: 1) stable current demand 2) 2024 outlook for flat volume 3) pricing was well-received by the channel 4) inventory has stabilized 5) GE has not disrupted the market 6) brand loyalty and distributor relationship play a role 7) AOS has a strong commercial offering."

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 $82.54 yesterday.

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