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Fly News Breaks for May 31, 2018
LEG
May 31, 2018 | 07:39 EDT
As previously reported, Stifel analyst John Baugh upgraded Leggett & Platt to Buy from Hold, stating that he sees its top line growth and margins nearing an inflection point. He sees the expected inflection, paired with a valuation that is below average historical levels, presenting an attractive point to enter Leggett & Platt shares, he tells investors. Baugh raised his price target on the stock to $50 from $48, adding that he thinks earnings growth should accelerate in the second half.
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