Leggett & Platt, Inc. (LEG)
by Zacks Equity ResearchApril 09, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
Further, the company's operating margin shriveled 470 basis points to 1.5% due to increased selling and administrative expenses. we believe that intense competition from global and regional players, volatility in raw material prices and exposure to adverse foreign currency translations may undermine the company's future growth prospects and profitability.
Currently, we are maintaining a long-term Underperform recommendation on the stock. Our target price of $20.00, 15.3x 2012 EPS, reflects this view.
Please login to Zacks.com or register to post a comment.