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Fly News Breaks for April 19, 2016
LII
Apr 19, 2016 | 09:15 EDT
Baird raised its price target on Lennox to $148 from $132 following Q1 results. The firm believes the company is in the middle innings of an HVAC replacement cycle and sees market shares gains, margin expansion, and free cash flow deployment leading to roughly 20% earnings growth. Baird reiterated its Outperform rating on Lennox shares.
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