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Fly News Breaks for February 6, 2019
LEG
Feb 6, 2019 | 09:31 EDT
Gabelli analyst Justin Bergner downgraded Leggett & Platt to Hold from Buy citing valuation, balanced earnings risk, outgrowth versus tepid end markets, industrial products over-earning, and the fact that ECS was a good deal but also defensive.
News For LEG From the Last 2 Days
LEG
Mar 26, 2024 | 08:47 EDT
Truist analyst Keith Hughes lowered the firm's price target on Leggett & Platt to $16 from $18 and keeps a Hold rating on the shares. The firm cites the company's announcement that an amendment to its credit facility has not cleared up the question of a potential cut to its dividend. Truist suspected that Leggett & Platt would only cut if made to by the banks, but the lack of confirmation has substantially raised the possibilities to a cut, the analyst tells investors in a research note.