Credit Suisse Raises Price Target On Lennox International On Multiple Positive Factors

In a report published Tuesday, Credit Suisse analyst Julian Mitchell reiterated a Neutral rating on

, and raised the price target from $96.00 to $98.00. In the report, Credit Suisse noted, “Following Q4 earnings, we raise our EPS estimates slightly on LII and raise our TP to $98 (from $96). The Q4 earnings underlined the strong market share gains as well as operational execution; LII is one of the few EE/MI companies to not lower guidance during this reporting season. Nevertheless, the stock is priced for perfection (it is the only non-A&D exposed name we cover that has not de-rated in the LTM), and we therefore stay Neutral.” Lennox International closed on Monday at $100.36.