BUZZ-Jefferies trims Lennox, Trane PT over softer residential HVAC demand

Reuters

Sep 12, 2025

** Jefferies lowers PT on Lennox LII.N and Trane Technologies 2IS.F, citing weaker-than-expected residential HVAC demand in second half of 2025 due to excess inventory and macroeconomic softness

** Brokerage cuts Lennox PT to $645 from $665; the new PT shows a 13.7% upside to the stock's last close

** Cuts Trane's PT to $440 from $450, implying a 6% premium from the last close

** Reiterates rating at "hold" on both stocks

** Trane now expects Q3 residential sales to fall around 20%, while Lennox also sees soft demand, though its in-house distribution is helping cushion the impact- Jefferies

** Brokerage lowers its 2025 EPS forecast for Lennox to $22.85 from $24, and for Trane to $12.70 from $13.05

** S&P 400 Industrials (sector) .SPMDCI up 11.3% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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the new PT shows a 13.7% upside to the stock's last close</p><p>** Cuts Trane's PT to $440 from $450, implying a 6% premium from the last close</p><p>** Reiterates rating at \"hold\" on both stocks </p><p>** Trane now expects Q3 residential sales to fall around 20%, while Lennox also sees soft demand, though its in-house distribution is helping cushion the impact- Jefferies</p><p>** Brokerage lowers its 2025 EPS forecast for Lennox to $22.85 from $24, and for Trane to $12.70 from $13.05</p><p> ** S&amp;P 400 Industrials (sector) <span>.SPMDCI</span> up 11.3% YTD</p><p> (Reporting by Apratim Sarkar)</p><p> ((Apratim.Sarkar@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4086","symbol_name":"建筑产品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250912:nL3N3UZ0RM:1","article_id":"2566897670","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566897670","pubTimestamp":1757678321,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Jefferies trims Lennox, Trane PT over softer residential HVAC demand** Jefferies lowers PT on Lennox LII.N and Trane Technologies 2IS.F, citing weaker-than-expected residential HVAC demand in second half of 2025 due to excess inventory and macroeconomic softness** Brokerage cuts Lennox PT to $645 from $665; the new PT shows a 13.7% upside to the stock's last close** Cuts Trane's PT to $440 from $450, implying a 6% premium from the last close** Reiterates rating at \"hold\" on both stocks ** Trane now expects Q3 residential sales to fall around 20%, while Lennox also sees soft demand, though its in-house distribution is helping cushion the impact- Jefferies** Brokerage lowers its 2025 EPS forecast for Lennox to $22.85 from $24, and for Trane to $12.70 from $13.05 ** S&P 400 Industrials  .SPMDCI up 11.3% YTD  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4086":"建筑产品","LII":"雷诺士"},"translate_title":"BUZZ-Jefferies因住宅暖通空调需求疲软而削减Lennox和Trane PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LII":0.9},"content_text":"BUZZ-Jefferies trims Lennox, Trane PT over softer residential HVAC demand** Jefferies lowers PT on Lennox LII.N and Trane Technologies 2IS.F, citing weaker-than-expected residential HVAC demand in second half of 2025 due to excess inventory and macroeconomic softness** Brokerage cuts Lennox PT to $645 from $665; the new PT shows a 13.7% upside to the stock's last close** Cuts Trane's PT to $440 from $450, implying a 6% premium from the last close** Reiterates rating at \"hold\" on both stocks ** Trane now expects Q3 residential sales to fall around 20%, while Lennox also sees soft demand, though its in-house distribution is helping cushion the impact- Jefferies** Brokerage lowers its 2025 EPS forecast for Lennox to $22.85 from $24, and for Trane to $12.70 from $13.05 ** S&P 400 Industrials (sector) .SPMDCI up 11.3% YTD (Reporting by Apratim Sarkar) ((Apratim.Sarkar@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}