Wells Fargo has decided to maintain its Overweight rating of Lennox International LII and lower its price target from $294.00 to $288.00.
Shares of Lennox International are trading down 1.86% over the last 24 hours, at $237.50 per share.
A move to $288.00 would account for a 21.26% 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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