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Fly News Breaks for June 15, 2015
SCSS
Jun 15, 2015 | 08:16 EDT
As noted earlier, Wedbush downgraded Select Comfort to Neutral from Outperform. The firm thinks that the company's comparisons will become more difficult in 2H15, while its key drivers are poised to fade. Wedbush sees signs of a coming slowdown for the company, including slowing implied comp unit growth and decelerating website traffic. The firm adds that the stock is failing to react to good news, indicating that its valuation is full. Target $34.
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