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Fly News Breaks for October 16, 2019
SNBR
Oct 16, 2019 | 06:11 EDT
Piper Jaffray analyst Peter Keith raised his price target for Sleep Number to $49 from $43 citing the company's "solid" Q3 beat and "one of the stronger SNBR conference calls in recent memory." However, with the stock indicating ~$50 post earnings, Sleep Number's valuation "looks reasonable but doesn't offer significant upside," Keith tells investors in a research note. As such, he keeps a Neutral rating on the name.
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