UPDATE: Cowen Downgrades Lennox International (LII) to Market Perform

April 9, 2019 5:37 AM EDT
Get Alerts LII Hot Sheet
Price: $321.03 +1.58%

Rating Summary:
    4 Buy, 17 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - April 9, 2019 6:11 AM EDT)

(updated to add analyst comments)

Cowen analyst Gautam Khanna downgraded Lennox International (NYSE: LII) from Outperform to Market Perform with a $270 price target (from $220).

The analyst commented, "We are downgrading our rating on LII's stock to Market Perform from Outperform, given limited valuation upside & decelerating C20 "adj. EPS" gain from non-repeat of C19's favorable insurance mismatch. Also, as with prior Q1s, LII's full year sales/EPS guidance is unlikely to rise on the Q1 print. We prefer IR in the HVAC sector."

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 $276.36 yesterday.

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