Citi analyst Andrew Kaplowitz has adjusted the price target for A.O. Smith (AOS, Financial), bringing it down to $65 from a previous $69 while maintaining a Neutral rating on the stock. This revision comes as part of a broader assessment ahead of the first-quarter preview for U.S. electrical equipment and industrial conglomerates.
The analysis suggests that the protectionist policies of the Trump Administration may eventually stimulate the sector’s long-term growth prospects. Citi highlights the emergence of potential value within this sector, indicating that upcoming first-quarter orders and earnings reports are likely to meet expectations.
