- Baird analyst Michael Halloran upgraded A.O. Smith Corp (NYSE:AOS) to Outperform from Neutral and raised the price target to $85 (implying an upside of 33.3%) from $82.
- Halloran believes an attractive entry point has materialized following its recent underperformance, which reflects a disconnect to the fundamental setup ahead on favorable price/cost dynamics, upside to volume expectations, and numerous buffer points to residential in 2022 and beyond.
- Price Action: AOS shares are trading higher by 4.04% at $63.64 on the last check Tuesday.
IEC Shares Jump On Creation Tech Acquisition At 48% Premium; Misses On Q3
IEC Electronics Corp (NASDAQ:IEC) reported third-quarter FY21 revenue growth of 4.2% year-on-year to $49.4 million missing the analyst consensus of $53.1…
