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Fly News Breaks for March 29, 2016
TPX
Mar 29, 2016 | 08:25 EDT
BofA/Merrill said its bedding survey indicates Tempur Sealy is well positioned to deliver on its 2017 EBITDA target of $650M. Analyst Curtis Nagle believes recent weakness is unwarranted and said the market is overlooking North American business outperformance for the last three quarters. Nagle said Tempur is expanding its distribution and is encouraged on management share purchases under a new long-term incentive program.. The analyst maintains his Buy rating and $92 price target on Tempur Sealy shares.
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