A.O. Smith price target raised to $89 from $81 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on A.O. Smith (AOS) to $89 from $81 and keeps a Buy rating on the shares after the company reported Q2 revenue and EPS above expectations and raised guidance modestly. The announcement of a strategic review of the China business is positive, the analyst added in a post-earnings note.