Oppenheimer reiterated a Perform rating on A.O. Smith with no price target saying that the firm has lowered its 2024-2025 earnings per share estimates. The firm appreciates the company’s established market leadership, replacement-weighted demand, and pristine balance sheet, but also understands investor concerns regarding forward earnings visibility. Management remains cautious on Chinese consumer demand, acknowledging it will take time before any benefits from recently announced stimulus impact the business, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AOS:
Questions or Comments about the article? Write to editor@tipranks.com