Lennox's Commercial HVAC Business Initiatives Win Over KeyBanc Analyst, Upgrades Stock
Portfolio Pulse from Lekha Gupta
KeyBanc Capital Markets analyst Jeffrey D. Hammond upgraded Lennox International Inc (NYSE:LII) from Sector Weight to Overweight with a price target of $355. The analyst expects LII's initiatives to boost utilization in its distribution footprint and drive higher non-equipment sales, leading to increased profitability. Hammond also sees potential for factory efficiency improvements in LII's Commercial HVAC business.
June 06, 2023 | 7:06 pm
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Lennox International Inc (NYSE:LII) has been upgraded by KeyBanc Capital Markets analyst Jeffrey D. Hammond to Overweight with a price target of $355. The analyst expects LII's initiatives to boost utilization and drive higher non-equipment sales, leading to increased profitability.
The upgrade by KeyBanc analyst Jeffrey D. Hammond is based on LII's initiatives to boost utilization in its distribution footprint and drive higher non-equipment sales through the channel, leading to increased profitability. Additionally, the analyst sees potential for factory efficiency improvements in LII's Commercial HVAC business. This positive outlook is likely to have a short-term positive impact on LII's stock price.
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