Oppenheimer Maintains Outperform on AAON, Lowers Price Target to $115
Oppenheimer analyst Noah Kaye maintains AAON (NASDAQ:AAON) with a Outperform and lowers the price target from $125 to $115.
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Shares of data center infrastructure-related companies are trading lower as concerns mount about highly leveraged customers' credit health, which may weigh on expectations for demand, backlogs and margins across the sector.
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Shares of data center infrastructure-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data this week fuel concerns that interest rates will remain higher for longer. Elevated financing costs could slow investment in data centers and power infrastructure, weighing on demand for electrical equipment and HVAC systems.
Shares of data center infrastructure-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data fuel expectations that U.S. interest rates will remain elevated. Higher financing costs could pressure capital spending on data centers, power infrastructure, and commercial building projects, potentially weighing on demand for electrical equipment and HVAC systems.
Argan's 2026 Outlook: $2.5 Billion Project Backlog Drives Reliable Power Infrastructure Expansion
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