Barclays cuts Lennox's PT, cites HVAC market weakness
Barclays cuts price target on climate control product maker Lennox International LII.N to $680 from $700
New PT represents an upside of 34.4% from stock's last close
Brokerage notes LII's strong pricing power makes it attractive, but cyclical weakness in the residential HVAC market has weighed on its valuation
Adds, LII's CEO flagged his biggest concern as whether co can handle a potential demand and restocking surge in 2026 or be caught with insufficient inventory
LII's 2026 return on invested capital may decline due to recently closed acquisition with NSI Industries - brokerage
Six of 20 brokerages rate the stock "buy" or higher, 12 "hold" and two "sell"; their median PT is $555 - according to data compiled by LSEG
Including session's moves, shares down 15.4% YTD
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