Piper Sandler lowered the firm’s price target on Leggett & Platt to $9 from $10 and keeps a Neutral rating on the shares following Q3 results which indicated choppy but stabilizing markets. Residential end-market demand remains soft, and while Leggett & Platt awaits a positive inflection in the broader macro environment before leaning into a Bedding recovery, the company did raise its Mattress industry outlook to -low single digit for 2025.
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Read More on LEG:
- Leggett & Platt Reports Q3 2025 Financial Results
- Leggett & Platt’s Mixed Earnings Call: Debt Down, Sales Struggle
- Leggett & Platt Q3 2025 Financial Results Overview
- Leggett & Platt reports Q3 adjusted EPS 29c, consensus 29c
- Leggett & Platt narrows FY25 adjusted EPS view to $1.00-$1.10 from 95c-$1.15