A.O. Smith price target raised to $88 from $82 at Oppenheimer

Oppenheimer raised the firm’s price target on A.O. Smith (AOS) to $88 from $82 and keeps an Outperform rating on the shares. The firm notes A.O. Smith reported Q2 adjusted EPS of $1.07, solidly above its/consensus of 98c/99c estimates on NA outperformance. Management raised 2025 revenue guidance to $3.85B-$3.93B from $3.8B-$3.9B with adjusted EPS now projected in a range of $3.70-$3.90 from $3.60-$3.90. Notably, A.O. Smith also announced a formal assessment of its China business, including a broad range of potential outcomes, Oppenheimer adds.