Lennox to replace Catalent in S&P 500 at open on 12/23
Written by Emily J. Thompson, Senior Investment Analyst
Acquisition Announcement: Novo Holdings has completed the acquisition of Catalent, with the deal officially closing on December 18.
Market Impact: This acquisition is significant as it reflects Novo Holdings' strategic expansion in the biopharmaceutical sector.
Analyst Views on LII
Wall Street analysts forecast LII stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LII is 599.00 USD with a low forecast of 475.00 USD and a high forecast of 710.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
6 Hold
2 Sell
Hold
Current: 522.330
Low
475.00
Averages
599.00
High
710.00
Current: 522.330
Low
475.00
Averages
599.00
High
710.00
About LII
Lennox International Inc. is focused on climate-control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration markets. The Company's segments include Home Comfort Solutions and Building Climate Solutions. Its Home Comfort Solutions segment's products and services include furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, replacement parts and supplies. Its brands include Lennox, Ducane, AirEase, Concord, MagicPak, Supco, among others. Its Building Climate Solutions segment's products and services include unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment. Its brands include Enlight, Xion, Energence, Prodigy, Duro Dyne, among others. It sells its products and services through a combination of direct sales, distributors and Company-owned stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
