Goldman Sachs Cuts LII Price Target to $390

Goldman Sachs has lowered its rating on Lennox International, adjusting the price target significantly, a 8.86% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:29 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Goldman Sachs cut its price target on Lennox International Inc. ($LII) to $390 from $547 on October 14, 2026, and rates the stock "Neutral".

Since the rating, $LII is up 2.5% to date (from the $348.84 close on Oct 14, 2026).

LII Lennox International Inc.

$357.73 -27.64% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Goldman Sachs downgraded Lennox International Inc. (LII) to a Neutral rating, lowering its price target from $547 to $390.
Goldman Sachs's $390 price target implies 8.86% upside from Lennox International Inc.'s ($LII) current $358.26 share price.
The stock recently traded around $358.26, which is about 8.1% below Goldman Sachs' new target.
Lennox International has a trailing twelve-month revenue of approximately $5.3 billion and a net margin of 14.9%.

Get $LII trade alerts by text

We text you when insiders, Congress or big funds trade $LII. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Lennox International Inc. alert may contain errors. Disclosures

Goldman Sachs has downgraded Lennox International Inc. (LII) to a Neutral rating on October 14, 2026, cutting its price target from $547 to $390. This adjustment reflects a significant change in the firm's outlook for the company.

The new target of $390 places it below the recent trading price of $358.26 as of October 16, 2026, which is about 8.1% lower than the target. This downgrade comes amid a broader reevaluation of the company's performance metrics and market conditions.

Analyst rating track record

Goldman Sachs vs. the S&P 500

YTD return -1.63% hypothetical

All-time return -1.63% S&P 500 +1.46%

vs. S&P 500 -3.09% behind the index

Hypothetical returns from Goldman Sachs's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Lennox International

Several other institutional investors have also made adjustments to their positions in Lennox International. Blackrock Inc. holds 2,975,559 shares worth about $1.06 billion after adding 3,863 shares, a slight increase of 0.1%. Vanguard Capital Management LLC has 2,057,463 shares valued at approximately $735.9 million, having added 3,082 shares, also a 0.1% increase. Meanwhile, Capital International Investors reduced its stake by 380,143 shares, now holding 2,482,381 shares worth about $887.8 million, reflecting a 13.3% decrease.

Lennox International Inc. Stock Down 0.3%

Lennox International's stock is currently trading below its new price target, indicating some caution among analysts. The shares have seen fluctuations but are currently priced at $358.26, well below the recent target set by Goldman Sachs.

12-month forecast

$LII price target

Lennox International Inc. daily closes and this analyst's $390 target. Not advice.

Recent Earnings

For its trailing twelve months, Lennox International reported a revenue of approximately $5.3 billion and an EPS of $22.52. The company is set to announce its next earnings on October 28, 2026, which could provide further insights into its financial health.

Insider Buying and Selling at Lennox International Inc.

Insider trading activity shows that several company officials sold shares earlier this year. Chris A. Kosel, an officer, sold 254 shares at an average price of $536.50 on February 4, 2026, totaling about $136,271. Director Todd J. Teske sold 700 shares at $533.45, amounting to about $373,415 on the same day. These transactions suggest that insiders are taking profits amid market fluctuations.

Analysts Set New Price Targets

On October 14, 2026, Goldman Sachs downgraded its rating on Lennox International to Neutral with a new price target of $390. This is a significant drop from their previous target of $547. Other firms like Deutsche Bank also downgraded their target from $609 to $444, while Wells Fargo initiated coverage with a target of $424. The current consensus suggests a cautious outlook on the stock's performance.

About Lennox International

Lennox International Inc., based in Richardson, TX, designs and manufactures products for heating, ventilation, air conditioning, and refrigeration. With a workforce of about 5,400 employees, the company serves markets in the U.S., Canada, and internationally. The recent downgrade by Goldman Sachs highlights evolving perceptions of its market position and performance.

Bottom Line

Investors should keep an eye on Lennox International's upcoming earnings report on October 28, 2026, as it may influence future analyst ratings and stock performance. The recent downgrade from Goldman Sachs is a notable shift in sentiment, reflecting the need to reassess the company's growth prospects.