A.O. Smith price target raised to $92 from $87 at DA Davidson

DA Davidson raised the firm’s price target on A.O. Smith to $92 from $87 and keeps a Buy rating on the shares after its Q4 results and guidance. The firm is raising its FY24 EPS view by 10c to $4.10 to reflect heathy demand across its major North America product categories including water heaters, boilers, and treatment, while also taking into consideration its announced price increase slated for implementation in March, the analyst tells investors in a research note.