B. Riley lowered the firm’s price target on Legacy Housing to $22 from $24 and keeps a Neutral rating on the shares. The company’s Q4 results were below our expectations, given a larger than expected seasonal impact in the quarter and the continuation of overall softness in the manufacturing housing industry, the analyst tells investors in a research note. The firm reduced 2024 and 2025 estimates.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEGH: