UBS Maintains a 'Neutral' on Lennox International (LII); 2012 OK Despite Rough Start To Year

UBS maintains a 'Neutral' on Lennox International (NYSE: LII) price target raised $1 to $41.

Analyst, Robert Barry, said, "We think warm weather hurt furnace sales in 1Q, with some offset from stronger residential new construction, which along with an easy comp and somewhat better consumer data likely still supported volume growth in 1Q (UBSe 1%) vs. -10% in 4Q. We think Commercial remained strong, including in Europe, though a very tough comp likely limited 1Q y/y growth. Australia weakness likely kept pressure on Refrigeration. We see neutral price/inflation in 2012 but a small 1Q headwind."

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 $37.77 yesterday.

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