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Fly News Breaks for October 28, 2015
TPX
Oct 28, 2015 | 08:12 EDT
BofA/Merrill analyst Curtis Nagle raise Tempur Sealy estimates ahead of Thursday's earnings report to reflect improving margins and earnings growth. Nagle expects new CEO Scott Thompson to provide a first look into the greatest opportunities and his view on copetitive strengths. The analyst said the margin story is already playing out with recent workforce cuts and accretion that will be sooner than expected. Nagle reiterates his Buy rating and top pick on shares.
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