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Fly News Breaks for September 29, 2016
TPX, SCSS
Sep 29, 2016 | 05:34 EDT
UBS analyst Michael Lasser started Select Comfort with a Sell rating and $20 price target. The analyst highlights as risks increasing competition and the company's reliance on existing customers. He recommends a "guarded" view of the mattress sector saying online-only players will grab "meaningful share" over the near-term. Lasser this morning also initiated shares of Tempur Sealy (TPX) with a Neutral rating.
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