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Fly News Breaks for July 10, 2019
AOS
Jul 10, 2019 | 08:52 EDT
Jefferies analyst Saree Boroditsky started A.O. Smith with a Hold rating and $47 price target. The company is entering a lower growth environment from the combination of declining North America residential water heater replacement demand and weaker sales in China, Boroditsky tells investors in a research note. As such, the analyst expects to see downward revisions to earnings.
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