Leggett & Platt Incorporated (LEG) Receives Analyst Rating

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.

Leggett & Platt Incorporated (LEG) : The consensus price target for Leggett & Platt Incorporated (LEG) is $48.5 for the short term with a standard deviation of $4.95. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $45.


Also, Raymond James downgrades its rating on Leggett & Platt Incorporated (NYSE:LEG). Analysts at the Raymond James have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 1, 2016.

Leggett & Platt Incorporated (NYSE:LEG): After opening at $49.06, the stock dipped to an intraday low of $48.79 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $49.35 and the buying power remained strong till the end. The stock closed at $49.26 for the day, a gain of 0.41% for the day session. The total traded volume was 687,428. The stocks close on the previous trading day was $49.06.

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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