A Closer Look at 4 Analyst Recommendations For Leggett & Platt
Portfolio Pulse from Benzinga Insights
Over the past three months, analysts have provided mixed ratings for Leggett & Platt (NYSE:LEG), with a recent trend towards lower price targets and neutral to somewhat bearish ratings. The average 12-month price target has declined by 21.54%, reflecting a cautious outlook. Financial performance shows a decline in revenue but strong net margins and returns on equity and assets.
June 27, 2024 | 2:00 pm
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NEGATIVE IMPACT
Analysts have recently lowered their price targets for Leggett & Platt, reflecting a cautious outlook. The company's financials show a decline in revenue but strong net margins and returns on equity and assets.
The recent trend of analysts lowering their price targets for Leggett & Platt suggests a negative short-term outlook. The company's declining revenue further supports this cautious sentiment, despite strong net margins and returns on equity and assets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100