B. Riley lowered the firm’s price target on Legacy Housing (LEGH) to $21 from $26 and keeps a Neutral rating on the shares. Legacy Housing’s Q3 results missed expectations, prompting the departure of key executives and the return of co-founder Kenneth Shipley to operations, the analyst tells investors in a research note. The stock’s zero-debt balance sheet and founder track record provide downside support near $20/share, but limited near-term upside remains amid operational and market uncertainties, B. Riley says.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEGH:
- Legacy Housing Corp Reports Q3 2025 Earnings
- Legacy Housing Corp’s Mixed Earnings Call Insights
- Legacy Housing downgraded to Market Perform from Outperform at CJS Securities
- Legacy Housing enters agreement to purchase assets of AmeriCasa Solutions
- Legacy Housing Updates Bylaws and Leadership Structure