Shares of A.O. Smith (AOS -2.2%) slip on a bout of profit taking after a number of Wall Street...

|About: A. O. Smith Corporation (AOS)|By:, SA News Editor

Shares of A.O. Smith (AOS -2.2%) slip on a bout of profit taking after a number of Wall Street firms cut the shares on valuation following its solid Q2 earnings beat yesterday. The stock has been on a tear over the past few months, gaining nearly 20% since early June. Wedbush and Sterne Agee both downgrade the stock to Neutral, while KeyBanc reduces its rating to hold.