Tempur-Pedic (TPX) Retains ‘Hold’ Rating
By Benzinga Staff
February 05, 2010 12:04 PM
February 05, 2010 12:04 PM
Symbols: TPX
The Tempur-pedic (NYSE: TPX) stock has gained 580% from its low level in March last year.
Talking with CNBC, Budd Bugatch of Raymond James & Associates, said that he likes Tempur-pedic. According to him, the company’s management is performing well and the stock had a great run in the past. He also elaborated upon the new products introduced by the company and praised its product planning strategies.
Bugatch reiterated his ‘hold’ rating for the stock. According to him, the stock has a bit stretched valuations and thus is a bit pricey.
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