RBC Capital analyst Deane Dray maintains $Lennox International (LII.US)$ with a hold rating, and adjusts the target price from $604 to $619.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 13.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lennox International (LII.US)$'s main analysts recently are as follows:
Post the Q3 report, it's indicated that Lennox's Q4 guidance incorporates little pre-buy activity. Should pre-buying occur, the forward-looking earnings outlook for 2024 into 2025 appears significantly more optimistic, signaling a potential continuation of positive revision trends.
The company's reported Q3 results surpassed expectations significantly, attributed to effective execution and some increase in market share, as noted by an analyst.
Strong performance in residential volume contributed to an increase in EPS, which also led to a higher guidance for 2024. However, the primary focus remains on the A2L pre-buy and subsequent scenario analysis for the refrigerant transition expected in 2025.
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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