Fly News Breaks for December 13, 2019
Dec 13, 2019 | 06:16 EDT
Piper Jaffray analyst Peter Keith says Tempur Sealy remains an attractive name for 2020. The analyst continues to see a "healthy" industry backdrop with continued share donation by Serta. Additionally, commodities look to be a $20M benefit to 2020 EBITDA, Keith tells investors in a research note. The analyst is "incrementally more positive" on Tempur Sealy and the outlook for 2020 following his November mattress survey. He keeps an Overweight rating on the shares with a $112 price target.
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