UPDATE: Wedbush Securities Downgrades A.O. Smith On Valuation And Limited Upside


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


In a report published Wednesday, Wedbush Securities analyst David L. Rose downgraded the rating on A.O. Smith Corp. (NYSE: AOS) from Outperform to Neutral, but raised the price target from $57.00 to $58.00.In the report, Wedbush Securities noted, “Our downgrade is a function of valuation and limited upside. Given the impressive move in the shares relative to the broader indices, we are downgrading AOS shares to NEUTRAL as we believe the valuation is full. Though we believe fundamentals remain intact, we believe much of the upside is built into the share price, with shares already gaining ~28% since April 2014 compared to ~8% for S&P Midcap. In our view, the risk/reward is evenly balanced.”A.O. Smith closed on Tuesday at $59.73.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: Analyst ColorDowngradesAnalyst RatingsDavid L. RoseWedbush Securities