Aaon price target lowered to $105 from $125 at DA Davidson

DA Davidson analyst Brent Thielman lowered the firm’s price target on Aaon (AAON) to $105 from $125 but keeps a Buy rating on the shares after its Q2 earnings miss. Exiting a choppy quarter with reduced guidance for internal inefficiencies, the firm is lowering its estimates, even though it still believes the multi-year runway for growth is meaningful, with data center business becoming larger and traditional HVAC share capture still presenting an opportunity, the analyst tells investors in a research note.