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In a report published Tuesday, Credit Suisse analyst Julian Mitchell reiterated a Neutral rating on
Lennox International Inc.LII, 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.
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