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Fly News Breaks for June 20, 2019
TPX
Jun 20, 2019 | 09:21 EDT
SunTrust analyst Keith Hughes lowered his price target on Tempur Sealy to $68, saying the lack of movement in its stock price after the company announced its "long anticipated" supply reunion with Mattress Firm suggests that the deal was priced in. The analyst also keeps his Hold rating on Tempur Sealy, noting that the company's valuation is already above the average peer group, adding that the struggles in the industry will prevent significant multiple expansion in the near term.
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