Morgan Stanley Maintains Equal-Weight Rating for Lennox International: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Lennox International LII and raise its price target from $255.00 to $268.00.

Shares of Lennox International are trading up 2.09% over the last 24 hours, at $245.14 per share.

A move to $268.00 would account for a 9.33% increase from the current share price.

About Lennox International

Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2021, residential HVAC was 64% of sales, commercial HVAC was 21%, and refrigeration accounted for the remaining 15% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company generates most of its sales in North America.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.