Downgrade Alert for Lennox International (LII)
Lennox International (NYSE:LII) was downgraded from Positive to Neutral at Susquehanna today. The stock closed yesterday at $157.76 on volume of 276,000 shares, below average daily volume of 414,000.
Lennox International (NYSE:LII) is currently priced 20.4% above its average consensus analyst price target of $125.58. The stock should find initial support at its 50-day moving average (MA) of $134.53 and further support at its 200-day MA of $126.09.
In the past 52 weeks, shares of Lennox International have traded between a low of $105.65 and a high of $159.60 and closed yesterday at $157.76, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.
Lennox International Inc. provides climate control solutions in countries located around the world. The Company designs, manufactures, and markets heating, ventilation, air conditioning, and refrigeration equipment. Lennox markets its products under brand names such as Lennox, Armstrong Air, Ducane, Bohn, Larkin, Advanced Distributor Products, Service Experts and others.
SmarTrend recommended that subscribers consider buying shares of Lennox International on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $142.93. Since that recommendation, shares of Lennox International have risen 11.1%. We continue to monitor LII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades Lennox International