** Stifel cuts PT on water heater maker A. O. Smith AOS.N to $75 from $84; maintains 'buy' rating
** Brokerage says it is assuming U.S. trade policy will lead to a "modest industrial recession" in second half of the year through first half of 2026
** Says a weaker China economy biggest risk for AOS with high, largely non-discretionary, replacement revenue in the U.S. and a price-insensitive customer
** AOS to report Q1 results on April 29
** "We see limited impact to the business" - Stifel
** 5 of 15 brokerages rate the stock "buy" or higher, 9 "hold" and one "sell"; their median PT is $75 - LSEG data
** As of last close, stock down 6.4% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.