Aaon price target raised to $112 from $105 at Oppenheimer

Oppenheimer analyst Noah Kaye raised the firm’s price target on Aaon (AAON) to $112 from $105 and keeps an Outperform rating on the shares as part of a Q3 earnings preview for the industrial efficiency group. The stocks exposed to the artificial intelligence infrastructure buildout have outperformed, while names tied to residential and construction have lagged, the analyst tells investors in a research note. The firm expects fundamentals in Q3 to largely align with these trends.