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Apr 25, 2013 (Close-Up Media via COMTEX) -- A.O. Smith Corp. has been picked by S&P Capital IQ as its Focus Stock of the Week.
AOS carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"The company has developed what we consider a strong brand identity, evidenced by an approximate 42 percent market share in domestic residential water heaters and a 58 percent share of the commercial water heater market," said Kevin Kirkeby, equity analyst at S&P Capital IQ. "The company has also grown its market share in China from about five percent ten years ago to just over 20 percent today."
S&P Capital IQ, a business line of the McGraw-Hill Companies, is a provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world.
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Copyright Close-Up Media, Inc. 2013. All Rights reserved
As of Sunday, 04-21-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
05-17-2012 for AOS @ $44.41.
For more information on SmarTrend, contact your market data
provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright A? 2004-2013 Comtex News Network, Inc. All rights reserved.
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