BUZZ-Barclays cuts Lennox's PT, cites HVAC market weakness

Reuters12-11
BUZZ-Barclays cuts Lennox's PT, cites HVAC market weakness

** Barclays cuts price target on climate control product maker Lennox International LII.N to $680 from $700

** New PT represents an upside of 34.4% from stock's last close

** Brokerage notes LII's strong pricing power makes it attractive, but cyclical weakness in the residential HVAC market has weighed on its valuation

** Adds, LII's CEO flagged his biggest concern as whether co can handle a potential demand and restocking surge in 2026 or be caught with insufficient inventory

** LII's 2026 return on invested capital may decline due to recently closed acquisition with NSI Industries - brokerage

** Six of 20 brokerages rate the stock "buy" or higher, 12 "hold" and two "sell"; their median PT is $555 - according to data compiled by LSEG

** Including session's moves, shares down 15.4% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))

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