Somnigroup International, the World's Leading Bedding Company, to Acquire Leggett & Platt, A Diversified Component Manufacturer and Key Somnigroup Supplier, in an All-Stock Transaction

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Go back to Somnigroup International, the World's Leading Bedding Company, to Acquire Leggett & Platt, A Diversified Component Manufacturer and Key Somnigroup Supplier, in an All-Stock Transaction

Raymond James Reiterates Strong Buy Rating on Somnigroup (SGI)

April 13, 2026 1:15 PM EDT

Raymond James analyst Bobby Griffin reiterated a Strong Buy rating and $105.00 price target on Somnigroup (NYSE: SGI)

The analyst comments "Monday morning, before market open, Strong Buy rated Somnigroup announced it will acquire Market Perform rated Leggett & Platt in an all-stock transaction valued at ~$2.5 billion based on SGIs closing price on 4/10/26 (link). Recall, SGI originally submitted a proposal to LEG on December 1, 2025. Under the terms, Leggett shareholders will receive 0.1455 shares of SGI common... More