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Fly News Breaks for August 14, 2017
TPX
Aug 14, 2017 | 06:24 EDT
Piper Jaffray analyst Peter Keith upgraded Tempur Sealy to Overweight and raised his price target for the shares to $80 from $61. The analyst sees an opportunity for "sizable" earnings growth through 2020 as the company works to recapture lost Mattress Firm revenue at higher margins. Industry research suggests Mattress Firm "made a strategic error" in fully terminating the Tempur relationship, Keith tells investors in a research note.
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