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AOS / Baird Upgrades A.O. Smith, Sees 33% Upside

Baird analyst Michael Halloran upgraded A O Smith Corp (NYSE: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. Read More

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Posted: Oct 5 2021, 15:36

Author Name: Benzinga

AOS News

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