The announced resignation of Mattress Firm CEO Steve Stagner significantly increases the likelihood of a Tempur Sealy, Mattress Firm reconciliation in the near future, Piper Jaffray analyst Peter Keith tells investors in a research note. With Steve Stagner departing, the analyst now gives reconciliation a greater than 90% probability and he continues to see $75M of annual EBITDA accretion with reconciliation. While some amount of reconciliation is likely already priced in, Tempur Sealy shares should react "very favorably to this announcement," Keith says. He keeps an Overweight rating on Tempur Sealy with a $68 price target.