Morgan Stanley has adjusted its outlook for Lennox International (LII, Financial), reducing the company’s price target to $450 from a previous $585. Despite maintaining an Underweight rating on the stock, the firm is highlighting potential challenges the company may face in the coming years.
The financial institution projects that Lennox could encounter organic growth difficulties by 2025, as market conditions may lead to declining volumes in the latter half of that year. This could raise concerns about the company’s ability to achieve its 2026 goal of 6% organic growth.
