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TPX

Tempur Sealy

$36.29 /

+3.46 (+10.54%)

08:51
03/24/20
03/24
08:51
03/24/20
08:51

Tempur Sealy upgraded to Buy from Hold at Loop Capital

Loop Capital analyst Laura Champine upgraded Tempur Sealy to Buy from Hold with a lower price target of $65, down from $100. The analyst believes that the company should see a strong rebound in 2021 as the impact of COVID-19 lessens and lower raw materials prices flow though into its cost structure. Champine adds that Tempur Sealy's Q2 sales will likely collapse as consumers stay away from stores, but expects 2021 to be a bounce-back year with gross margin expansion due to lower oil prices.

TPX Tempur Sealy
$36.29 /

+3.46 (+10.54%)

03/24/20 Loop Capital
Tempur Sealy upgraded to Buy from Hold at Loop Capital
03/18/20 Wedbush
Fifth Third/Toll Brothers/Tempur Sealy removed from Best Ideas List at Wedbush
03/03/20 KeyBanc
Tempur Sealy price target lowered to $105 from $110 at KeyBanc
02/14/20 Loop Capital
Tempur Sealy price target raised to $100 from $85 at Loop Capital

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