Gilford Securities Reiterates Hold Rating on Tempur-Pedic International
In a report published Friday, Gilford Securities reiterated its Hold rating on Tempur-Pedic International (NYSE: TPX).
Gilford Securities noted, “Tempur-Pedic, a leading manufacturer of sleep and general comfort solutions based on a dense visco-elastic foam material, is losing market share due to an intensified competitive environment. Management believes its proposed merger with Sealy will be transformational, but we remain concerned.”
Tempur-Pedic International closed on Thursday at $38.35.
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