Leggett & Platt Incorporated ($LEG) Stock Forecast: Down 5.2% Today

What is Leggett & Platt Incorporated?

Leggett & Platt (NYSE: LEG) manufactures a range of products including furniture and industrial materials. Today, the stock saw a significant decline in the market.

Why is Leggett & Platt Incorporated going down?

LEG stock is down 5.2% on Jan 23, 2026 18:00

• Uncertainty among investors arose after Leggett & Platt turned down Somnigroup International's $1.6 billion buyout offer, influencing the bearish movement in the stock.
• Speculation surrounding a potential acquisition increased due to discussions and a signed non-disclosure agreement between Somnigroup and Leggett & Platt, causing volatility in the stock price.
• Following mixed Q3 financial results, Wall Street Zen downgraded Leggett & Platt from a "buy" to a "hold" rating, impacting investor sentiment and contributing to the bearish trend.
• Conflicting information regarding the acquisition proposal and the analyst downgrade has created market indecision, resulting in today's bearish movement in Leggett & Platt's stock price.

LEG Price Chart

LEG Technical Analysis

LEG News

Leggett & Platt reject $1.6 billion buyout offer

Leggett & Platt's Board of Directors has rejected a $1.6 billion all-stock buyout offer from Somnigroup International, stating it undervalued the company. Despite the rejection, the Board has signed a non-disclosure agreement to explore the potential for a better offer through due diligence.

https://www.fourstateshomepage.com/news/local/leggett-platt-reject-1-6-billion-buyout-offer/

Somnigroup engages in discussions with Leggett & Platt regarding all-stock transaction proposal

Somnigroup International Inc. has announced that Leggett & Platt Inc. has agreed to engage in discussions and execute a non-disclosure agreement to facilitate due diligence for Somnigroup's proposed all-stock acquisition. The proposal, made on December 1, 2025, values Leggett & Platt at $12 per share, representing a 30% premium. Somnigroup stated it will not revise this proposal before the due diligence process is complete.

https://www.interiordaily.com/article/9803239/somnigroup-engages-in-discussions-with-leggett-platt-regarding-all-stock-transaction-proposal/

Leggett & Platt confirms unsolicited proposal from Somnigroup

Leggett & Platt (NYSE: LEG) has confirmed receiving an unsolicited acquisition proposal from Hong Kong-based Somnigroup. The proposal, made in late 2025, involved an all-cash offer of $12.00 per share, which the company's board has determined to be a non-binding expression of interest and not reasonably expected to lead to a superior proposal. The board maintains its commitment to enhancing shareholder value.

https://www.msn.com/en-us/money/companies/leggett-platt-confirms-unsolicited-proposal-from-somnigroup/ar-AA1RuD4N?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Leggett & Platt (NYSE:LEG) Downgraded by Wall Street Zen to Hold

Wall Street Zen has downgraded Leggett & Platt (NYSE:LEG) from a "buy" to a "hold" rating, contributing to the stock's consensus "Hold" rating and an average price target of $11.67. This comes after the company reported Q3 EPS of $0.29, missing estimates, and revenue of $1.04 billion, beating estimates, with a 5.9% year-over-year decline. The company's stock trades near its 52-week high, and institutional investors collectively own approximately 64% of its shares.

https://www.marketbeat.com/instant-alerts/leggett-platt-nyseleg-downgraded-by-wall-street-zen-to-hold-2026-01-17/

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Leggett & Platt Incorporated ($LEG) Stock Forecast: Down 5.2% Today

Leggett & Platt Incorporated Price History

25.05.2024 - LEG Stock was down 5.1%

• The recent downgrade of LEG from a hold to a sell rating may have influenced the bearish trend.
• Potential reasons for the downgrade could include weak financial performance or concerns about future growth prospects.
• Negative investor response to the sell rating likely led to higher selling activity of LEG shares.
• The downgrade possibly diminished investor trust in the company's outlook, leading to today's downward movement in the market for LEG.

14.01.2025 - LEG Stock was up 16.2%

• Despite anticipated soft demand in key markets, LEG witnessed a notable uptrend, hinting at potential positive outcomes for its Q4 earnings.
• Market sentiment appears optimistic regarding LEG's capacity to address obstacles and potentially surpass expectations amid challenging market conditions.
• The recent uptrend could indicate investor emphasis on factors like cost efficiency, strategic endeavors, and broader market sentiments, rather than solely demand projections.

17.03.2025 - LEG Stock was up 5.0%

• LEG stock surged following the announcement of their 1Q 2025 results.
• Strong financial performance in the first quarter likely exceeded market expectations, leading to increased investor confidence.
• The positive earnings report and upcoming conference call may have attracted more buyers, driving the bullish movement in LEG stock.
• Investors are optimistic about the company's future growth prospects based on the strong start to the year.

28.00.2025 - LEG Stock was down 5.4%

• LEG stock experienced a bearish movement likely due to investors' anticipation of the upcoming earnings call.
• The market might be reacting negatively to potential concerns or uncertainties surrounding the company's financial performance in the fourth quarter and full year of 2024.
• Investors could be adjusting their positions in LEG stock based on expectations set by the upcoming earnings report, leading to the bearish trend observed today.

23.00.2026 - LEG Stock was down 5.2%

• Uncertainty among investors arose after Leggett & Platt turned down Somnigroup International's $1.6 billion buyout offer, influencing the bearish movement in the stock.
• Speculation surrounding a potential acquisition increased due to discussions and a signed non-disclosure agreement between Somnigroup and Leggett & Platt, causing volatility in the stock price.
• Following mixed Q3 financial results, Wall Street Zen downgraded Leggett & Platt from a "buy" to a "hold" rating, impacting investor sentiment and contributing to the bearish trend.
• Conflicting information regarding the acquisition proposal and the analyst downgrade has created market indecision, resulting in today's bearish movement in Leggett & Platt's stock price.

21.04.2025 - LEG Stock was down 5.3%

• LEG experienced a bearish movement possibly due to concerns raised in the consumer sector, as indicated by the warning to investors about consumer stocks falling off a cliff in Q2.
• The negative sentiment towards consumer stocks in the market might have influenced the bearish movement of LEG.
• Investors may have reacted to the warning signs in the consumer sector, leading to a sell-off in LEG shares.
• The overall sentiment in the consumer discretionary sector seems to be cautious, which could have contributed to the downward trend in LEG's stock price.

31.00.2025 - LEG Stock was down 5.1%

• The bearish movement of LEG's stock could be linked to concerns about the upcoming earnings call and uncertainty surrounding the company's performance in the fourth quarter of 2024.
• Market competition may have negatively affected LEG's stock, leading to a decrease in investor confidence.
• The anticipation of the earnings call on February 13, 2025, potentially prompted some investors to sell off their positions in LEG, contributing to the bearish movement in the stock.

30.04.2024 - LEG Stock was up 5.5%

• The recent appointment of Karl Glassman as the new President and CEO of Leggett & Platt is likely boosting investor confidence, contributing to the positive market reaction.
• Insider purchases of company stock by directors, amounting to $64k, suggest optimism regarding the company's future prospects.
• The noteworthy insider trades and the change in leadership reflect a strong belief in the company's potential for growth, fueling today's uptrend in the stock price.

11.05.2024 - LEG Stock was down 5.2%

• Recent acquisition of 10,000 shares by Director Srikanth Padmanabhan could signal confidence in the company's future.
• Despite insider buying, bearish market reaction could stem from broader economic worries or specific company performance concerns.
• Some investors may view the insider purchase separately from the company's overall status, influencing the negative trend in LEG's stock price for the day.

10.06.2024 - LEG Stock was up 5.5%

• A downgrade from a "hold" to a "sell" rating could have initially caused some uncertainty and selling pressure on the stock.
• However, the strong bullish movement suggests that investors may have viewed the downgrade as an opportunity to buy the stock at a potentially discounted price.
• This movement could indicate that investors have confidence in Leggett & Platt's long-term prospects despite the short-term downgrade, leading to increased buying interest and driving the stock price higher.

06.00.2026 - LEG Stock was up 3.6%

• The approval of retention agreements for key executives signals stability and confidence in the company's leadership team, which could be positively impacting investor sentiment.
• The upgrade to a "buy" rating by a financial analysis platform, despite a slight earnings miss, indicates growing optimism in Leggett & Platt's future performance and potential growth prospects.
• The series of insider stock acquisitions by company officers and executives, including the EVP Chief HR Officer and the EVP and President Bedding Products, demonstrate a strong belief in the company's trajectory and could be contributing to the bullish movement in the stock price.
• Overall, the combination of executive retention agreements, analyst upgrades, and insider buying activity suggests a positive outlook for Leggett & Platt, driving the strong bullish movement in the stock today.

29.03.2025 - LEG Stock was up 21.5%

• LEG stock showed a significant upward movement following the release of better-than-expected first-quarter EPS figures and an upward revision of its FY25 EPS outlook.
• The favorable earnings report and heightened guidance likely boosted investor confidence, resulting in increased buying interest.
• This highlights the influence of strong financial performance and positive future prospects on stock prices, driving them upwards in response to encouraging developments.