LEG Should I Buy
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Leggett & Platt Inc (LEG) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock shows potential for growth due to its optimistic sales target for 2026, improved financial performance in 2025/Q3, and a compelling merger proposal. While technical indicators are neutral, the options data and analyst sentiment provide a positive outlook. The investor's long-term horizon aligns well with the stock's potential for appreciation.
The MACD is below 0 and negatively contracting, indicating a neutral to slightly bearish momentum. RSI is at 50.81, suggesting no clear overbought or oversold conditions. Moving averages are converging, and the stock is trading near its pivot point of 11.714. Key resistance levels are at 12.13 and 12.387, while support levels are at 11.297 and 11.04.
Piper Sandler raised the price target to $12 and views the merger proposal as highly compelling and accretive.
The company has set an optimistic sales target of $3.8 billion to $4.0 billion for
Improved financial performance in 2025/Q3, with net income up 183.07% YoY and EPS up 175.76% YoY.
Revenue decreased by 5.93% YoY in 2025/Q
Neutral sentiment from hedge funds and insiders, with no significant trading trends.
In 2025/Q3, revenue dropped by 5.93% YoY to $1.036 billion. However, net income increased by 183.07% YoY to $127.1 million, and EPS rose by 175.76% YoY to 0.91. Gross margin improved to 18.47%, up 4.82% YoY, indicating better profitability despite lower revenue.
Piper Sandler raised the price target to $12 from $10 and maintained a Neutral rating, citing the merger proposal as highly compelling. BNP Paribas Exane upgraded LEG Immobilien to Outperform, noting attractive valuation levels.
