J.P. Morgan analyst Stephen Tusa maintains $Lennox International (LII.US)$ with a sell rating, and adjusts the target price from $522 to $536.
According to TipRanks data, the analyst has a success rate of 66.9% and a total average return of 13.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lennox International (LII.US)$'s main analysts recently are as follows:
Lennox's Q3 segment EBIT outperformed consensus expectations by 7%, driven by improved sales and EBIT in the Home Comfort Solutions segment. Furthermore, the company has presented a conservative outlook of $20.75-$21.00. It is anticipated that Q4 will experience additional benefits from a R-410A stock-in and more favorable comparative figures.
The company's guidance for the fourth quarter assumes little to no pre-buy activity. If such activity does take place, the potential earnings outlook for 2024, serving as a springboard into 2025, appears significantly more robust, indicating a continuation of positive revision momentum.
Lennox's Q3 outcomes surpassed expectations, bolstered by effective execution and some gains in market share.
Note:
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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.
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