A.O. Smith price target lowered to $78 from $85 at Stifel

Stifel analyst Nathan Jones lowered the firm’s price target on A.O. Smith (AOS) to $78 from $85 and keeps a Buy rating on the shares. The firm thinks Q1 earnings season is likely to “provide few surprises or guidance changes to act as catalysts” for its flow control and multi-industry coverage, the analyst tells investors in a preview for the group.