Market Overview

UPDATE: Citigroup Initiates Coverage on Mattress Firm Holding with Buy Rating, $30 PT

Related MFRM
Midday Gainers From Thursday, September 4
PVH Corp Jumps On Upbeat Earnings; Ciena Corporation Shares Slip

In a report published Wednesday, Citigroup initiated coverage on Mattress Firm Holding Corp. (NASDAQ: MFRM) with a Buy rating and $30 price target.

Citigroup noted, “We are initiating coverage of Mattress Firm with a Buy rating and $30 target price. We think Mattress Firm is a differentiated name in the hardlines universe and its ability to differentiate and take market share should provide upside to EPS and overall valuation over the next several years. We think the recent pull-back in the stock is an excellent Buying opportunity and provides investors with an attractive entry point.”

Mattress Firm Holding Corp. closed on Tuesday at $22.69.

Latest Ratings for MFRM

DateFirmActionFromTo
Sep 2014CitigroupMaintainsBuy
Aug 2014CitigroupMaintainsBuy
Aug 2014JefferiesMaintainsBuy

View More Analyst Ratings for MFRM
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Initiation Analyst Ratings

 

Related Articles (MFRM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters