Analysis Summary for Leggett & Platt, Incorporated Common Stock (LEG)
Date of Analysis: July 30th, 2024
Time Target: A 4.5-year down composite cycle arrives on September 22nd, 2024, confirmed by a very strong Cycle Cluster.
Price Target: $5.5 (+/- $3)
Projected Move: The time cycle decomposition of LEG shows that there is going to be a bottom to top fast move approximately from early September 2024 to late 2025 (+/- cycle variance).
Deep analysis of LEG suggests the following:
- LEG reaches approximately $5.5 (+/- $3) by September 22nd (+/- associated variance).
- It starts to rally to late 2025 or early 2026.
- At least 1400% fast move up is anticipated within the following 14-18 months.
In summary: LEG will bottom around $5.5 by September 2024 and then increase by at least 1400% within 14-18 months. As soon as the market confirms our bottom projection, we will have confirmation points and more specific targets for the upcoming top.
