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Fly News Breaks for May 3, 2019
TPX
May 3, 2019 | 08:07 EDT
SunTrust analyst Keith Hughes raised his price target on Tempur Sealy to $70 after its Q1 earnings beat and raised low end of its prior FY19 EBITDA guidance. The analyst cites the company's "very strong" sales in North America and "no advertising" expense growth in the quarter, though he remains concerned about the impact of anti-dumping tariff on Chinese importers expected in late May. Hughes keeps his Hold rating on Tempur Sealy.
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