Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Lennox to $520 from $545 and keeps an Overweight rating on the shares. A solid Q1 and full year raise still saw Lennox’s stock down 2% vs. XLI down 80bps, the firm says. Wells thinks a lighter potential R454B tailwind in 2025 and M&A uncertainty overhang are two reasons. In the firm’s view, growth potential remains compelling.
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Read More on LII:
- Lennox tightens FY24 EPS view to $19.00-$20.00 from $18.50-$20.00
- Lennox reports Q1 adjusted EPS $3.47, consensus $3.16
- Lennox Reports First Quarter Results and Raises Full Year Profit Guidance
- Lennox International (LII) Q1 Earnings Cheat Sheet
- Lennox price target raised to $515 from $500 at KeyBanc
