AAON Inc's stock surged 5.35% during intraday trading on Friday, following a series of positive analyst actions.
The sharp rise comes after Oppenheimer raised its price target on the air conditioning and heating equipment maker to $145 from $118, reiterating an "outperform" rating. The brokerage cited order growth in the first quarter as a signal of a rebound in core customers and expects near-term margin pressure to ease as pricing benefits flow through later in the year.
Oppenheimer lifted its financial estimates for AAON for fiscal years 2026-2027 based on a stronger growth outlook and anticipates steady margin expansion over time. The company recently beat first-quarter sales estimates and raised its 2026 sales growth forecast, with all six brokerages covering the stock maintaining "buy" or equivalent ratings.
Comments