Barclays analyst Julian Mitchell lowered the firm’s price target on Lennox (LII) to $680 from $700 and keeps an Overweight rating on the shares after meeting with management. The firm says estimates are being “steadily re-based” Lennox approaches the cycle trough. This should set the stage for a re-rating of the shares, the analyst tells investors in a research note.
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:
- Lennox International Updates Executive Compensation Agreement
- Strategic Growth and Resilience: Joe Ritchie’s Buy Rating on Lennox International
- Carrier Global price target lowered to $59 from $62 at Wells Fargo
- Lennox price target lowered to $525 from $545 at Wells Fargo
- Lennox International: Hold Rating Amid Market Noise and Strategic Opportunities