Brokerage Firm Rating Update on Leggett & Platt Incorporated (LEG)

Leggett & Platt Incorporated (LEG) : Zacks Investment Research ranks Leggett & Platt Incorporated (LEG) as 3, which is a Hold recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 3.5, which indicates as a Hold.

Leggett & Platt Incorporated (LEG) : The highest short term price target forecast on Leggett & Platt Incorporated (LEG) is $52 and the lowest target price is $45. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $48.5 with a standard deviation of $4.95.


Company shares have received an average consensus rating of Hold for the current week Also, Raymond James downgrades their rating on the shares of Leggett & Platt Incorporated (NYSE:LEG). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 1, 2016.

Leggett & Platt Incorporated (NYSE:LEG): The stock opened at $52.36 and touched an intraday high of $52.65 on Wednesday. During the day, the stock corrected to an intraday low of $52.19, however, the bulls stepped in and pushed the price higher to close in the green at $52.63 with a gain of 0.55% for the day. The total traded volume for the day was 500,042. The stock had closed at $52.34 in the previous trading session.

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.

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