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Fly News Breaks for December 1, 2015
MFRM
Dec 1, 2015 | 09:08 EDT
After Mattress Firm (MFRM) announced that it would acquire its privately-owned East Coast rival, Sleepy's, Wedbush says the deal could increase Mattress Frim's EPS by double digit percentage levels. However, the firm thinks this opportunity is offset by elevated leverage, execution risk, business cycle risk and more limited organic growth potential. It keeps a $50 price target and Neutral rating on Mattress Firm.
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