Barclays analyst Julian Mitchell raised the firm’s price target on Lennox (LII) to $624 from $575 and keeps an Equal Weight rating on the shares post the Q3 report. The company’s Q4 guidance embeds minimal pre-buy and if one occurs, the 2024 earnings “jumping off point” into ’25 is much higher, suggesting ongoing positive revision momentum, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LII:
- McDonald’s down after outbreak, Starbucks slides after warning: Morning Buzz
- Lennox International Reports Strong Q3 and Leadership Change
- Lennox reports Q3 adjusted EPS $6.68, consensus $6.00
- Lennox raises FY24 EPS view to $20.75-$21.00 from $19.50-$20.25
- Lennox Chief Legal Officer John Torres to retire, Monica Brown to succeed