Mizuho lowered the firm’s price target on Lennox (LII) to $525 from $565 and keeps a Neutral rating on the shares following the Q4 report. The firm reduced near-term estimates on the weaker equipment replacement market. It cites reduced peer valuations for the target cut.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LII: