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Fly News Breaks for December 7, 2017
CONN, TPX
Dec 7, 2017 | 14:55 EDT
Raymond James analyst Budd Bugatch notes that a story has surfaced in the press that Conn's (CONN) had discontinued the sale of Tempur Sealy (TPX) products in favor of those from another manufacturer, Serta Simmons Bedding. The analyst had previously heard about this, and points out that Tempur Sealy merchandise has been off Conn's floors for a few months. Not only was this not new news, it was, in fact, way old news, he adds, saying that the impact of this is included in Tempur Sealy guidance and communications with the investment community. He reiterates a Strong Buy rating on Tempur Sealy shares.
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