Wells Fargo Sticks to Their Hold Rating for Lennox International (LII)

In a report issued on December 6, Saravana Raghavan from Wells Fargo maintained a Hold rating on Lennox International (LIIResearch Report). The company’s shares closed last Monday at $262.83.

According to TipRanks.com, Raghavan is ranked #2696 out of 5728 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Lennox International with a $242.71 average price target, implying a -8.4% downside from current levels. In a report issued on December 4, Deutsche Bank also maintained a Hold rating on the stock with a $276.00 price target.

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Based on Lennox International’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $115 million. In comparison, last year the company had a net profit of $108 million.

Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LII in relation to earlier this year.

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Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration.