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Fly News Breaks for October 18, 2016
LII
Oct 18, 2016 | 05:50 EDT
UBS analyst Shannon O'Callaghan downgraded Lennox International to Neutral saying moderating growth will drive a reduced multiple. Lennox is seeing slower growth in its Commercial and Refrigeration segments, O'Callaghan tells investors in a research note. The analyst cut the company's price target to $155 from $170.
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