Lennox price target raised to $705 from $611 at RBC Capital

RBC Capital raised the firm’s price target on Lennox (LII) to $705 from $611 and keeps a Sector Perform rating on the shares. Lennox reported upside Q2 results, with destock largely playing out as expected, and management declaring a historically high and healthy market share despite some anticipated giveback, the analyst tells investors in a research note.