A.O. Smith price target lowered to $90 from $91 at Stifel

Stifel lowered the firm’s price target on A.O. Smith to $90 from $91 and keeps a Hold rating on the shares. Expectations “seem to have been high” given that the stock sold off by nearly 5% after reporting what the firm views as “a solid quarter” with slightly better than consensus numbers, says the firm, which thinks some mixed commentary about margins moving forward was “likely the culprit.”