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Fly News Breaks for March 2, 2020
CSPR
Mar 2, 2020 | 06:58 EDT
UBS analyst Michael Lasser initiated coverage of Casper Sleep with a Neutral rating and $10 price target. The analyst believes that the company is well positioned to grow its sales and turn profitable as it expands its "sleep economy" market share. Lasser adds however that investors will need to see evidence of Casper balancing top-line growth with narrowing its operating losses, which may be a challenge in the near term due to consumer retrenchment interruptions related to the coronavirus fears.
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