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Fly News Breaks for October 21, 2019
LII
Oct 21, 2019 | 14:49 EDT
William Blair analyst Ryan Merkel maintained an Outperform rating on Lennox, noting that Q3 results and guidance "met lowered expectations," and fears about worse Q4 guidance "did not materialize." The analyst added that "residential sales were significantly impacted by cooler weather in the Upper Midwest and Northeast," and recommended buying Lennox on "one-time weather weakness." Merkel said he sees upside in Lennox shares to $285.
News For LII From the Last 2 Days
LII
Apr 25, 2024 | 09:01 EDT
LII
Apr 25, 2024 | 07:35 EDT
Wells Fargo analyst Joseph O'Dea lowered the firm's price target on Lennox to $520 from $545 and keeps an Overweight rating on the shares. A solid Q1 and full year raise still saw Lennox's stock down 2% vs. XLI down 80bps, the firm says. Wells thinks a lighter potential R454B tailwind in 2025 and M&A uncertainty overhang are two reasons. In the firm's view, growth potential remains compelling.
LII
Apr 24, 2024 | 07:10 EDT
Consensus $19.72. Backs FY24 revenue up 7%, consensus $5.12B. Sees FY24 free cash flow $500M-$600M.
