Northcoast Research Upgrades A.O. Smith to Buy, Announces $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
Northcoast Research analyst Kevin Hocevar upgraded A.O. Smith (NYSE:AOS) from Neutral to Buy and set a price target of $90.
December 12, 2023 | 12:36 pm
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POSITIVE IMPACT
A.O. Smith was upgraded by Northcoast Research from Neutral to Buy with a new price target of $90, suggesting a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential outperformance. The new price target of $90 indicates a significant upside from the current trading level, which can attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100