Stephens & Co. Upgrades Lennox Intl to Overweight, Announces $550 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Rob McCarthy has upgraded Lennox Intl (NYSE:LII) from Equal-Weight to Overweight and set a price target of $550.
December 11, 2023 | 1:59 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lennox Intl has been upgraded by Stephens & Co. from Equal-Weight to Overweight with a new price target of $550.
Upgrades by analysts typically lead to a positive short-term reaction in the stock price as market participants adjust their positions based on the new information. The significant increase in the price target to $550 suggests a strong conviction in the company's future performance, which could further encourage buying activity.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100