BUZZ-Oppenheimer raises Lennox PT on strong growth outlook

Reuters03-05
BUZZ-Oppenheimer raises Lennox PT on strong growth outlook

** Oppenheimer lifts PT on climate control product maker Lennox International LII.N to $645 from $630; maintains "outperform" rating

** New PT implies a 17.1% upside from stock's last close

** Brokerage says co is targeting ~$500 million in growth by 2030, driven by higher parts and service attach rates

** Adds LII's new hub-and-spoke distribution model is expected to cut logistics costs, improve efficiency, and support both revenue and margin growth

** It cut LII's 2026 adjusted EPS forecast to $24.24 from $24.27

** Separately, Wells Fargo also hikes PT to $560 from $520

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

** As of last close, stock up 13.4% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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