Market Overview

UPDATE: Piper Jaffray Raises PT to $2.20 on Sealy Post Acquisition Offer

Related ZZ
Leggett & Platt Wants to Bring Sex Back to the Bedroom
Sex is Less Popular than Sleep But Temper-Pedic Plans to Capitalize on Both

Piper Jaffray reiterated its Neutral rating on Sealy (NYSE: ZZ) and raised its price target from $2 to $2.20.

Piper Jaffray noted, "We are updating our ZZ model for the Q3 announcement and increasing our price target to $2.20 from $2.00 to reflect the offer price from TPX. …Risks to achievement of price target [include] Macroeconomic conditions, high debt level, competition, adoption of new products, raw material costs and retail consolidation."

Sealy closed at $2.18 on Friday.

Latest Ratings for ZZ

Oct 2012Piper JaffrayMaintainsNeutral
Aug 2012BarclaysInitiates Coverage onUnderweight

View More Analyst Ratings for ZZ
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (ZZ)

Around the Web, We're Loving...

Get Benzinga's Newsletters