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Fly News Breaks for February 1, 2017
LEG
Feb 1, 2017 | 06:36 EDT
As previously reported, Raymond James upgraded Leggett & Platt two notches to Strong Buy from Market Perform and established a $54 price target. Analyst Budd Bugatch changed his view following the Q4 report and conference call saying he expects new bedding introductions to gain traction with a variety of mattress makers, spurring incremental 2017 growth, its vertical integration and market share position provide pricing power, and shares have declined 9% from its peak over the last six months.
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