A.O. Smith price target raised to $92 from $86 at Baird

Baird raised the firm’s price target on A.O. Smith to $92 from $86 and keeps a Neutral rating on the shares. The firm said the company modestly exceeded consensus with strong NA margin performance, maintained full-year guidance and the upper end seems reasonable, company messaging and underlying expectations are largely the same, and the balance sheet remains a potential catalyst.