Goldman Sachs raised the firm’s price target on A.O. Smith (AOS) to $59 from $56 and keeps a Sell rating on the shares. The company’s Q1 results topped estimates, but the firm is maintaining its cautious view on A.O. Smith as persistent macro uncertainty as well as the impact of tariffs and challenging comps pressure near-term results, the analyst tells investors in a research note. While the company is actively managing pre-buy activity, these moves have added to volatility in volumes in the past, including in 2024, the firm adds.
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