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Fly News Breaks for July 19, 2017
SCSS
Jul 19, 2017 | 06:45 EDT
BofA/Merrill analyst Curtis Nagle upgraded Select Comfort to Neutral and raised its price target to $35 from $21.50 saying he believes underlying demand is improving, has increased confidence on earnings, and expects a potential comp lift from the new 360 product line. The analyst believes management is making progress on gross margin initiatives and said a recent bedding survey suggests strong brand affinity and potential market share capture following the termination of the Mattress Firm contract.
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