Stifel Downgrades AO Smith (AOS) to Hold

April 4, 2021 10:36 PM EDT
Get Alerts AOS Hot Sheet
Price: $70.33 -0.14%

Rating Summary:
    11 Buy, 19 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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Stifel analyst Nathan Jones downgraded AO Smith (NYSE: AOS) from Buy to Hold with a price target of $67.00 (from $65.00).

The analyst comments "We move to a Hold rating on AOS shares with a $67 target price. A.O. Smith shares had reached our previous target price of $65, and we think the risk/reward proposition for shareholders is balanced at this price with margin improvement opportunities in China and strong water quality products growth offset by steel inflation pressures and potential channel inventory destocking ahead."

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 $67.61 yesterday.



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