Boenning & Scattergood downgraded AO Smith (NYSE: AOS) from Outperform to Neutral.

Analyst Scott Beury liked the quarter, calling it "stellar" noting top-line growth accelerating and the benefits of pricing offsetting costs on steel but downgrades the name on valuation.

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 $61.93 yesterday.