- Piper Sandler analyst Peter Keith lowered the price target on Leggett & Platt Inc LEG to $38 from $43 (10% upside) and kept a Neutral rating on the shares.
- Keith noted Piper Sandler’s mattress retail survey for the month of March showed a 5% to 6% decline after a strong performance in February.
- The analyst specified that the weakness appears more concentrated at the low-end, but some retailers acknowledge some weakness at the high-end.
- In February, Leggett & Platt posted Q4 sales of $1.33 billion, beating the consensus of $1.29 billion.
- Price Action: LEG shares are trading lower by 3.14% at $34.55 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsBriefsConsumer DiscretionaryHome Furnishings
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
