An Oppenheimer downgrade trimmed Lennox International (LII) from Outperform to Perform, with no price target disclosed. LII closed at $332.64 on Wednesday, signaling potential near-term downside as sentiment shifts. The piece also lists downgrades of RNST, PGC, ALKT and XYL, suggesting a broader cautious stance among analysts that could affect valuation across multiple names.
LII reported Q3 earnings of $6.98, beating estimates. Quarterly sales of $1.426 billion missed expectations of $1.490 billion. FY25 adjusted EPS guidance lowered to $22.75-$23.25, indicating a revenue decline. CEO cites industry challenges and acquisitions for future growth outlook. Analysts adjusted price targets following earnings, showing mixed sentiment.
Keybanc downgraded Lennox International from Overweight to Sector Weight. Lennox shares increased by 0.4%, closing at $606.64. Downgrade reflects cautious outlook from analysts on Lennox's performance.