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Fly News Breaks for June 8, 2018
AOS
Jun 8, 2018 | 06:17 EDT
DA Davidson analyst Matt Summerville raised his 2019 estimates for A.O. Smith and says his $73 price target is "well intact." In a research note titled "Still a Great Way to Play Offense and Stay on Defense; Reiterate BUY," the analyst says he's incrementally confident in A.O. Smith's ability to generate at least high-single-digit organic sales growth next year. Further, he believes the company's balance sheet remains underleveraged.
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