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Fly News Breaks for June 24, 2019
TPX, BIG
Jun 24, 2019 | 07:30 EDT
Loop Capital analyst Laura Champine upgraded Tempur Sealy (TPX) to Hold from Sell and raised her price target on the stock to $70 from $50 following the announcement that it will reenter Mattress Firm and become the primary supplier for Big Lots (BIG), the latter of which she saw as more of a surprise than the Mattress Firm agreement. She also believes there is an increased probability of potential further tariffs, which "could slow the tide of lower-priced imported mattresses," Champine tells investors.
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