On Oct 24, major Wall Street analysts update their ratings for $Lennox International (LII.US)$, with price targets ranging from $615 to $624.
Barclays analyst Julian Mitchell maintains with a hold rating, and adjusts the target price from $550 to $624.
Wells Fargo analyst Joe O'Dea maintains with a hold rating, and maintains the target price at $615.
Oppenheimer analyst Noah Kaye maintains with a hold rating.
KeyBanc analyst Jeffrey Hammond maintains with a hold rating.
RBC Capital analyst Deane Dray maintains with a hold rating, and adjusts the target price from $604 to $619.
Furthermore, according to the comprehensive report, the opinions of $Lennox International (LII.US)$'s main analysts recently are as follows:
Post the Q3 report, it's indicated that Lennox's Q4 guidance incorporates minimal pre-buy, which suggests that if a pre-buy occurs, the earnings outlook heading into 2025 is potentially much more optimistic, hinting at continued positive revision momentum.
The company's third-quarter results significantly exceeded forecasts, bolstered by effective execution and a degree of market share acquisition.
The firm noted that robust residential volume performance was a key driver of EPS growth and the increase in guidance for 2024. However, the primary focus remained on the anticipated A2L pre-buy and the subsequent analysis of scenarios pertaining to the refrigerant transition slated for 2025.
Here are the latest investment ratings and price targets for $Lennox International (LII.US)$ from 5 analysts:
Note:
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