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UPDATE: Stifel Reiterates on Tempur Sealy International as North America Sales Turn Positive

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Earnings Scheduled For July 30, 2015
Keybanc: Tempur Sealy's Upside Continues On
Tempur Sealy replaces CFO (Seeking Alpha)

In a report published Thursday, Stifel analyst John Baugh reiterated a Buy rating on Tempur Sealy International (NYSE: TPX), and raised the price target from $48.00 to $52.00.

In the report, Stifel noted, “Investors have long been keeping Tempur Sealy's stock in the penalty box, waiting for a turnaround in the Tempur North American business. The company finally gave the Street something to cheer about in the third quarter, with the Tempur North America retail business being up 2.4%, compared to the prior year. Management expects that business to be flat to up slightly in the fourth quarter as well, which is encouraging, given we believe the industry slowed down in late-September/early-October.”

Tempur Sealy International closed on Wednesday at $40.11.

Latest Ratings for TPX

DateFirmActionFromTo
Jul 2015Longbow ResearchMaintainsBuy
Jul 2015Stifel NicolausMaintainsBuy
Jul 2015Stifel NicolausMaintainsBuy

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View the Latest Analyst Ratings

Posted-In: John Baugh StifelAnalyst Color Price Target Analyst Ratings

 

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