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Fly News Breaks for February 20, 2020
SNBR
Feb 20, 2020 | 07:38 EDT
Wedbush analyst Seth Basham raised his price target for Sleep Number to $59 from $45 after the company reported Q4 results that beat expectations of the top- and bottom-lines, and also ticked up its initial sales and EPS guidance for 2020. The analyst gives Sleep Number credit for delivering its first positive quarterly adjusted implied comp unit growth since 2018, but does not see any inflection in trends. Basham has a Neutral rating on the shares.
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