DA Davidson Lowers Price Target on A.O. Smith Amid Housing Market Weakness and Declining Sales in China
On May 4, DA Davidson lowered its price target for A.O. Smith (AOS) to $67 from $75 due to weak demand in North America's residential market and declining sales in China. The firm reiterated a Neutral rating as the company reported Q1 earnings below expectations.
Tickers: $AOS
Topics: A. O. Smith China Sell-Through DA Davidson Earnings Miss Housing Market Weakness