Lennox price target lowered to $534 from $564 at RBC Capital

RBC Capital analyst Deane Dray lowered the firm’s price target on Lennox (LII) to $534 from $564 and keeps a Sector Perform rating on the shares. The company reported an explainable 7% Q4 operating miss that was largely offset by encouraging commentary that the sector-wide residential HVAC destocking could be winding down by Q2, the analyst tells investors in a research note.