RBC Capital lowered the firm’s price target on Lennox (LII) to $555 from $598 and keeps a Sector Perform rating on the shares. The company reported in-line Q3 operating results vs. consensus but missed the firm’s operating estimate by 3%, with industry- wide destocking pressuring Lennox’s residential volumes and prompting the 2025 earnings guidance cut 3% below consensus and an outsized 24% cut to free cash flow, the analyst tells investors in a research note.
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