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Enter Symbol:
Rating: AOS
Buy $60

Smith (a.o.) Corporation (NYSE: AOS) reiterated to Buy with price target $60 by Maxim Group

Tuesday,  Jul 22, 2014  12:00 AM ET by Dave Ficere

Maxim Group reiterated Smith (a.o.) Corporation (NYSE: AOS) to Buy with price
target $60. Previously Maxim Group rated Buy with price target $58 Smith (a.o.) Corporation (NYSE: AOS) on 10/21/2013, when the stock price was $50.80.

A. O. Smith Corporation is a manufacturer of water heating equipment and electric motors, serving a diverse mix of residential, commercial and industrial end markets principally in the United States. The Company's business is organized in two operating segments: Water Products and Electrical Products. The Water Products business manufactures and markets a line of residential gas and electric water heaters, standard and specialty commercial water heating equipment, copper-tube boilers and water systems tanks. The Electrical Products business manufactures and markets a line of hermetic motors, fractional horsepower alternating current (AC) and direct current (DC) motors. During the year ended December 31, 2008, 63% of the Company?s net sales were attributable to its Water Products business and 37% attributable to its Electrical Products business. In April 2009, the Company acquired Smith Investment Co.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.



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