Lennox upgraded to Outperform from Perform at Oppenheimer

Oppenheimer analyst Noah Kaye upgraded Lennox (LII) to Outperform from Perform with a $600 price target The post-earnings selloff yesterday provides an entry point, the analyst tells investors in a research note. The firm views last quarter as a “transitory bump into an attractive multi-year growth story.” It believes Lennox’s adjusted fiscal 2025 guidance embeds appropriate conservatism on volumes. Oppenheimer sees the company’s Building Climate Solutions unit moving past factory ramp inefficiencies and harvesting share gain opportunities in fiscal 2026.