Analysts Tick Up Lennox Price Target Post Investor Day

Analysts raised Lennox International Inc's LII price target following its FY22 financial guidance and reiterating the FY21 outlook.
Wells Fargo analyst Saravana Raghavan raised the price target to $331 (an upside of 1.9%) from $325 and maintained an Equal Weight rating on the shares.
The analyst notes Lennox reiterated the 2021 outlook, initiated 2022 guidance and set 2024 growth and margin targets at the company's investor day.
Deutsche Bank analyst Nicole DeBlase raised the price target to $393 (21% upside) from $392 and maintained a Buy rating on the shares following investor day.
The analyst believes that even the high end of the company's new full-year guidance range looks conservative.
Morgan Stanley maintained Lennox with an Underweight and raised the price target from $276 to $294 (9.5% downside).
Price Action: LII shares traded higher by 0.81% at $324.88 on the last check Thursday.

Analyst Calendar