A.O. Smith price target raised to $76 from $74 at UBS

UBS analyst Damian Karas raised the firm’s price target on A.O. Smith (AOS) to $76 from $74 and keeps a Neutral rating on the shares. A.O. Smith posted better than expected Q2 results, a modest raise to 2025 guidance, and announced that a strategic review is underway for its China business, the analyst tells investors in a research note. UBS thinks there is potential value to unlock if A.O. Smith can divest the China business, but believes there would likely be some tax hurdles in doing this.