A.O. Smith (AOS) Tops Q4 EPS by 6c; Guides FY16 EPS

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Jefferies Remains Bullish After A.O. Smith's (AOS) 4Q Shows a Continuing Growth Story

February 1, 2016 9:26 AM EST

Jefferies maintained a Buy rating on AO Smith (NYSE: AOS), and cut the price target to $86.00 (from $90.00), following the company's 4Q earnings report. Coming into 4Q15, market implied China consumer spending was slowing down. But core sales growth of 19% y/y defied... More