** Brokerage Jefferies increased PT on water heater maker A.O. Smith to $90 from $85, rating the stock "hold"
** Raises estimates on the back of strong commercial and residential shipments for water heaters in Jan-Feb
** Expects a beat-and-raise at Q1 earnings
** The new price target represents a 4.5% upside to stock's last close
** Shares up 4.38% YTD
(Reporting by Aishwarya Jain in Bengaluru)
((Aishwarya.Jain@thomsonreuters.com;))
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