UBS analyst Damian Karas raised the firm’s price target on Lennox (LII) to $676 from $570 and keeps a Neutral rating on the shares. Some concerns around demand air pockets heading into the print were trumped by strong price realization and margin execution, the analyst tells investors in a research note. The firm thinks valuation is appropriate given a still choppy and sluggish near-term demand environment.
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- Lennox price target raised to $705 from $611 at RBC Capital
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