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Fly News Breaks for June 18, 2019
TPX
Jun 18, 2019 | 11:19 EDT
KeyBanc analyst Bradley Thomas raised his price target for Tempur Sealy to $90 from $80 after the company announced a new agreement with Mattress Firm. The analyst sees the news as encouraging, but believes it was becoming priced in. He also raised his 2020 EPS estimate, while remaining positive on the outlook for new products, retail customer wins, and an improving competitive landscape. Moreover, Thomas sees additional EPS upside from cash flow/share repurchase. The analyst reiterates an Overweight rating on Tempur Sealy's shares.
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