Lennox Raises FY23 Revenue Growth Of 5% From 2% - 4%
Portfolio Pulse from Benzinga Newsdesk
Lennox International Inc. (LII) has increased its revenue growth forecast for FY23 to 5% from the previous range of 2% - 4%.
October 26, 2023 | 10:52 am
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Lennox International Inc. has raised its FY23 revenue growth forecast, which could positively impact its stock price.
Companies that raise their revenue forecasts typically see a positive reaction in their stock price as it indicates better than expected performance. Therefore, Lennox's stock price is likely to go up in the short term.
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