DA Davidson analyst Brent Thielman lowered the firm’s price target on Aaon (AAON) to $125 from $150 but keeps a Buy rating on the shares after its Q4 earnings miss. The short-term impact of the rooftop refrigerant transition was a bit larger of a deficit than expected and also reflect costs to ramp-up capacity in support of data center equipment production, but with estimates being reset lower with guidance, there is still significant growth potential this year, the analyst tells investors in a research note. The recent sharp pullback should also be seen as an “opportunity”, the firm adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAON:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue