Lennox price target raised to $300 from $284 at Deutsche Bank

Deutsche Bank analyst Nicole Deblase raised the firm’s price target on Lennox to $300 from $284 and keeps a Buy rating on the shares following the investor day. Unsurprisingly, Lennox’s 2022 guidance was left unchanged, and the 2023 guidance was initiated 2% below consensus at the midpoint, Deblase tells investors in a research note. The analyst was not surprised to see shares trade down 3% on the day but she views the new range as potentially conservative.