Oppenheimer analyst Noah Kaye raised the firm’s price target on Lennox (LII) to $650 from $645 and keeps an Outperform rating on the shares. Shares traded up Wednesday after Lennox beat Q1 top-/bottom-line consensus and reiterated FY26 EPS/free cash flow guidance with higher top line offsetting inflation, the firm notes. Oppenheimer sees comparatively modest pricing actions to recover tariffs/inflation as unlikely to materially alter FY26 volume trajectory.
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