Lennox Intl (LII) Price Target Boosted by Goldman Sachs to $691.00

Lennox Intl (LII) received a price target boost from Goldman Sachs, increasing the stock's target from $619.00 to $691.00, a 11.63% upward change. The investment firm maintained its "Buy" rating, affirming the company's strong position in the HVAC market. The average one-year target price for LII is $576.51, with a high estimate of $700.00 and a low estimate of $400.00. The estimated GF Value in one year is $464.48, suggesting a 21.79% downside from the current price.

Lennox International Inc. (NYSE: LII) has seen its stock price target increased by Goldman Sachs, reflecting a bullish outlook on the HVAC market leader. The investment firm has revised its target price for LII from $619.00 to $691.00, representing a significant 11.63% upward change. This new target price is well above the average one-year estimate of $576.51, with a high estimate of $700.00 and a low estimate of $400.00. The estimated GF Value in one year is $464.48, suggesting a potential 21.79% downside from the current price [1].

The stock price boost comes amidst a series of positive developments for Lennox International. The company has been making strides in innovation, governance, and financial management. Recently, Lennox introduced the Elite Series EL18KSLV Side Discharge Heat Pump, designed for homes with limited outdoor space. This new unit offers high energy efficiency with ratings up to 19.00 SEER2 and 10.00 HSPF2, potentially reducing energy consumption [2].

Furthermore, Lennox has increased its quarterly dividend by 13%, raising it to $1.30 per share, and expanded its stock repurchase program by $1 billion. These moves underscore the company's strong financial position and commitment to shareholder returns. Additionally, Lennox has amended its credit facility, reducing total revolving commitments to $1 billion and extending the maturity date to May 2030, ensuring long-term financial flexibility [2].

Goldman Sachs' positive outlook on Lennox International is a vote of confidence in the company's strategic initiatives and financial health. The firm's "Buy" rating and increased target price suggest that investors should remain optimistic about LII's prospects in the HVAC market.

References:
[1] https://ng.investing.com/news/insider-trading-news/lennox-intl-director-norris-sells-193-million-in-stock-93CH-1995992
[2] https://ng.investing.com/news/insider-trading-news/lennox-intl-director-norris-sells-193-million-in-stock-93CH-1995992