Oppenheimer analyst Noah Kaye raised the firm's price target on Lennox to $650 from $645 and keeps an Outperform rating on the shares. Shares traded up Wednesday after Lennox beat Q1 top-/bottom-line consensus and reiterated FY26 EPS/free cash flow guidance with higher top line offsetting inflation, the firm notes. Oppenheimer sees comparatively modest pricing actions to recover tariffs/inflation as unlikely to materially alter FY26 volume trajectory.
