Critical Insights From Leggett & Platt Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Leggett & Platt (NYSE:LEG) show a bearish trend with a decline in the average 12-month price target to $15.4, down 19.79% from the previous target. Analysts from Goldman Sachs, Piper Sandler, and Truist Securities have lowered their price targets and ratings, reflecting concerns over the company's market position and financial performance. Despite challenges in revenue growth and a slight decline in top-line earnings, Leggett & Platt maintains strong profitability metrics, including an impressive net margin and ROE.
May 02, 2024 | 8:00 pm
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Leggett & Platt faces a bearish outlook from analysts, with lowered price targets and ratings due to revenue challenges and market position concerns.
The bearish trend in analyst ratings and the significant reduction in the average 12-month price target for Leggett & Platt indicate market skepticism about the company's short-term growth prospects. Despite strong profitability metrics, the lowered ratings and price targets reflect concerns over revenue growth and market position, likely influencing investor sentiment and potentially leading to a short-term negative impact on LEG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100