Leggett & Platt Incorporated (LEG) Receives Price Target

Leggett & Platt Incorporated (LEG) : 2 investment research analysts covering Leggett & Platt Incorporated (LEG) have an average price target of $48.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $45 for the short term. Analysts expect the variance to be within $4.95 of the average price.

Leggett & Platt Incorporated (LEG) : 4 analysts are covering Leggett & Platt Incorporated (LEG) and their average rating on the stock is 3.5, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on Leggett & Platt Incorporated (NYSE:LEG). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on August 1, 2016.

Leggett & Platt Incorporated (NYSE:LEG): The stock opened at $52.56 on Thursday but the bulls could not build on the opening and the stock topped out at $52.58 for the day. The stock traded down to $51.61 during the day, due to lack of any buying support eventually closed down at $51.79 with a loss of -1.31% for the day. The stock had closed at $52.48 on the previous day. The total traded volume was 754,256 shares.

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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