Goldman Sachs Upgrades Lennox International (LII) to Buy
Get Alerts LII Hot Sheet
Rating Summary:
11 Buy, 14 Hold, 4 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
Join SI Premium – FREE
Goldman Sachs upgraded Lennox International (NYSE: LII) from Neutral to Buy with a price target of $102.00. Analyst Samuel H. Eisner noted strength in residential.
"Following two quarters of modest results and reset expectations, we believe shares should outperform due to strengthening resi markets, improvements to the company’s cost structure, and lowered expectations in Refrigeration that could lead to upside surprises. In our view, we see upside to valuation as we believe that LII demonstrates EPS growth and CROCI in excess of our universe, yet trades at comparable multiples. We update 2014/15/16 EPS to $4.42/$5.50/$6.40 from $4.42/$5.32/$6.05 previously," said Eisner.
For an analyst ratings summary and ratings history on Lennox International click here. For more ratings news on Lennox International click here.
Shares of Lennox International closed at $89.04 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Roth/MKM Upgrades Albertsons Companies Inc. (ACI) to Buy, 'Fundamental Floor and Improved Deal Likelihood'
- Zillow Group (ZG) PT Lowered to $53 at BofA Securities
- FirstEnergy Corp. (FE) PT Raised to $35 at BofA Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT Change, Hot Upgrades, UpgradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!