Joe Ritchie, an analyst from Goldman Sachs, maintained the Buy rating on Lennox International. The associated price target is $615.00.
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Joe Ritchie has given his Buy rating due to a combination of factors that highlight Lennox International’s strategic positioning and growth potential. Despite the challenges faced in 2025, such as the refrigerant transition and broader economic softness, the company has maintained a confident outlook for the future. Management has articulated a clear plan to overcome these hurdles and is focused on executing key growth initiatives.
These initiatives include increasing their presence in the heat pump market, expanding their capacity for commercial emergency replacements, and enhancing their parts and services offerings through recent acquisitions. By targeting growth in these areas, Lennox aims to improve its revenue, unit sales, and margins by 2026. This strategic focus, coupled with the company’s differentiated approach, underpins Ritchie’s positive outlook on Lennox International’s stock.
Ritchie covers the Industrials sector, focusing on stocks such as Mirion Technologies, Flowserve, and nVent Electric. According to TipRanks, Ritchie has an average return of 14.6% and a 59.93% success rate on recommended stocks.