Deutsche Bank analyst Nicole Deblase resumed coverage of Lennox with a Buy rating and $523 price target. The firm continues to see positive momentum to Street earnings forecasts, and views the company’s 2024 adjusted EPS guidance as conservative, the analyst tells investors in a research note. Positive momentum in EPS should continue into 2025, and free cash flow conversion should return to 100% best-in-class levels in the coming years, the firm adds.
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