Goldman Sachs Downgrades Leggett & Platt: Here's What You Need To Know

Goldman Sachs downgraded its rating of Leggett & Platt LEG to Neutral with a price target of $34.00, changing its price target from $39.00 to $34.00.

Shares of Leggett & Platt are trading up 1.68% over the last 24 hours, at $31.50 per share.

A move to $34.00 would account for a 7.94% increase from the current share price.

About Leggett & Platt

Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.