UBS Downgrades A.O. Smith: Here's What You Need To Know

UBS downgraded its rating of A.O. Smith AOS to Sell with a price target of $58.00, changing its price target from $65.00 to $58.00.

Shares of A.O. Smith are trading down 1.94% over the last 24 hours, at $60.30 per share.

A move to $58.00 would account for a 3.81% decrease from the current share price.

About A.O. Smith

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells primarily to Asian countries and operates sales offices to expand distribution and market its product portfolio.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.