{
JSC Smith Corporation

Companies

}
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ubs upgrades ao smith stock amid china stimulus and margin easing

UBS has upgraded AO Smith (NYSE: AOS) from Sell to Neutral, raising the price target to $80 amid a more balanced risk-reward profile. The shift follows a 27% decline in the stock this year, with optimism surrounding potential government stimulus in China and easing margin pressures in North America. Despite mixed third-quarter results, AO Smith remains focused on long-term growth, bolstered by a strong cash position and a consistent dividend history.
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10:06 23.10.2024
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