Wedbush Maintains Outperform on A.O. Smith

Wedbush is out with its report today on A.O. Smith (NYSE: AOS), maintaining Outperform.

In its report, Wedbush writes, "We believe long-term investors should continue to buy these shares as the risk/reward profile remains attractive. These shares offer both growth and value. We foresee 16%+ revenue growth out of Asia, 8-10% organic revenue growth from its recent acquisition, with the North American replacement market providing a stable stream of revenues that offers meaningful earnings potential upon an eventual housing recovery in 2013 or 2014."

Wedbush maintains a $46 PT on AOS.

Shares of AOS closed Friday at $36.21.