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Fly News Breaks for February 17, 2017
TPX
Feb 17, 2017 | 05:30 EDT
Raymond James analyst Budd Bugatch upgraded Tempur Sealy to Outperform and established a $53 price target following the Q4 report and conference call yesterday. The analyst said all the bad news is known and the improvement in revenues and earnings will become more visible as 2017 unfolds. Now that the news of its formerly largest customer is assimilated and shares at a new base, Bugatch remains positive on the new Sealy brand introductions, the improvements at Sealy manufacturing plants, and the strength of the Temper-Pedic brand name.
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