Piper Jaffray analyst Peter Keith notes that the New York Post reported that two private equity firms are exploring takeover bids for Mattress Firm, namely Advent International and THL Partners. The analyst believes that Mattress Firm coming under new ownership is a "significant positive" for Tempur Sealy. Keith also thinks a Mattress Firm buyout by Advent is ultimately the best outcome for Tempur Sealy as it would likely allow it to gain a significant number of slots at non-Mattress Firm retailers. Mattress Firm bankruptcy and Mattress Firm/Tempur Sealy reconciliation would provide an incremental $100M of EBITDA to the latter, he contends. Keith reiterates an Overweight rating and $65 price target on Tempur Sealy's shares.