Baird lowered the firm’s price target on A.O. Smith (AOS) to $81 from $82 and keeps a Neutral rating on the shares. The firm said 2025 consensus estimate risk remains despite recent reset and 2025 organic earnings growth is likely muted as they see continued sluggish NA WH industry volume growth, persistent China headwinds, and limited near-term pricing gains.
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Read More on AOS:
- A.O. Smith downgraded to Neutral at DA Davidson on lack of near-term catalyst
- A.O. Smith downgraded to Neutral from Buy at DA Davidson
- A.O. Smith upgraded to Neutral from Sell at UBS
- A.O. Smith reports Q3 EPS 82c, consensus 83c
- A.O. Smith backs FY24 adjusted EPS view $3.70-$3.85, consensus $3.82
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