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Fly News Breaks for April 18, 2017
Apr 18, 2017 | 09:24 EDT
KeyBanc analyst Bradley Thomas says that discounts of Tempur-Sealy (TPX) mattresses by Mattress Firm will probably "weigh on" Tempur-Sealy's Q2 sales. The analyst says that Tempur-Sealy's Q1 EPS "could be strong," as the company's relationship with Matress Firm did not end until April 3. However, he warns that Tempur-Sealy's Q2 and Q3 results are "likely to be noisy." He keeps a Sector Weight rating on Tempur-Pedic.
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