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UPDATE: Jefferies Raises PT on A.O. Smith Corporation Following Group Meeting

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In a report published Wednesday, Jefferies analyst R. Scott Graham reiterated a Buy rating on A.O. Smith Corporation (NYSE: AOS), and raised the price target from $80.00 to $83.00.

In the report, Graham noted, “We sponsored a group meeting between the CEO and investors and are emboldened in our view that earnings visibility is high owing to multiple revenue streams. We sense 2013 has started reasonably well. We sensed nothing near term with M&A. We have edged up our forecasts and PT. AOS remains a top pick.”

A.O. Smith Corporation closed on Tuesday at $73.44.

Latest Ratings for AOS

DateFirmActionFromTo
Jul 2014Northland SecuritiesInitiates Coverage onOutperform
Apr 2014Sterne AgeeUpgradesNeutralBuy
Apr 2014WedbushUpgradesNeutralOutperform

View More Analyst Ratings for AOS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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