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:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
