- Baird analyst Michael Halloran upgraded A.O. Smith Corp AOS to Outperform from Neutral and raised the price target to $85 (implying an upside of 33.3%) from $82.
- Halloran believes an attractive entry point has materialized following its recent underperformance, which reflects a disconnect to the fundamental setup ahead on favorable price/cost dynamics, upside to volume expectations, and numerous buffer points to residential in 2022 and beyond.
- Price Action: AOS shares are trading higher by 4.04% at $63.64 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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