KeyBanc raised the firm’s price target on Lennox to $515 from $500 and keeps an Overweight rating on the shares as the company proves out growth and margin enhancement initiatives. The firm also lowered its 2024 EPS estimate to $19.80 from $20.00 to reflect modestly lower Residential growth assumptions. KeyBanc is maintaining its 2025 EPS estimate of $22.50.
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