Mizuho analyst Brett Linzey upgraded Lennox International to Neutral from Underperform with a price target of $260, up from $210, post the investor day. The analyst believes the bearish investor sentiment "could be near peak as it relates to areas of the residential complex." Additionally, it appears the operational challenges Lennox has been facing in its commercial business have troughed, Linzey tells investors in a research note. He upgrades the shares following the relative underperformance year-to-date.
Published first on TheFly
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