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Truist Financial Sticks to Its Hold Rating for Leggett & Platt (LEG)

Tipranks - Sat May 9, 6:52AM CDT

Truist Financial analyst Keith Hughes maintained a Hold rating on Leggett & Platt today and set a price target of $11.00.

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According to TipRanks, Hughes is a 5-star analyst with an average return of 18.5% and a 62.76% success rate. Hughes covers the Industrials sector, focusing on stocks such as Fortune Brands Innovations, Owens Corning, and Masco.

Leggett & Platt has an analyst consensus of Hold, with a price target consensus of $11.50.

Based on Leggett & Platt’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $938.6 million and a net profit of $25 million. In comparison, last year the company earned a revenue of $1.06 billion and had a net profit of $14.2 million

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