Truist analyst Keith Hughes raised the firm’s price target on Leggett & Platt to $12 from $10 and keeps a Hold rating on the shares after its Q3 results The stock is at its highest level this year, albeit far below its peak, as restructuring actions have offset further market weakness, the analyst tells investors in a research note. Falling leverage from cash flow and real estate sales have reduced debt to an estimate of 2.5-times by year end, the firm added.
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