RBC Capital analyst Deane Dray maintains $Lennox International (LII.US)$ with a hold rating, and adjusts the target price from $572 to $604.
According to TipRanks data, the analyst has a success rate of 63.3% and a total average return of 14.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lennox International (LII.US)$'s main analysts recently are as follows:
An analyst has adjusted their models for several electrical equipment and multi-industry stocks, taking into account seasonality, corporate feedback, portfolio changes, and channel checks ahead of the Q3 earnings season. This assessment has resulted in a general rise in valuations within the sector.
The shares have surpassed the previous valuation, leading to a more equitable balance of risk and reward. The company's long-term prospects are still recognized, but considering the heightened expectations for the second half of 2024 and 2025 earnings following a phase of multiple expansion, and the possibility that pricing advantages may be less than anticipated, the stock's risk/reward profile is viewed as more evenly matched in the future.
Note:
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