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

October 5, 2021 3:36 PM | 29 seconds read | Make a Comment

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.