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Fly News Breaks for January 30, 2019
TPX
Jan 30, 2019 | 06:22 EDT
Loop Capital analyst Laura Champine kept her Sell rating and $36 price target on Tempur Sealy after recent meetings with its management, saying the stock remains hamstrung by emerging competition and cost headwinds. The analyst warns that consumers may trade down in favor of lower priced imported mattresses and "bed in a box" concepts offered by other new vendors. Champine also expects inflation in raw materials and transportation costs to remain a headwind in the first half of 2019.
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