AO Smith initiated at Neutral by JPMorgan with $70 price target for stable sales and margins.

From Financial Modeling Prep: 2025-06-24 07:18:00

JPMorgan initiated coverage on AO Smith with a Neutral rating and $70 price target, citing leadership in water heaters. Replacement demand and pricing discipline support stable sales and margins. Operating in a mature market, AO Smith benefits from recurring revenue. Monitor replacement cycles, pricing environment, and margin trends for potential impact on earnings.



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