Longs in Tempur Sealy Getting Some Relief, Shares Up 6+%; Piper Analyst Says Q2 Weakness Looks 'Transitory'

Traders in Tempur Sealy

are passing around an earlier note from Piper Jaffray's Peter Keith in which the analyst made positive comments following a meeting with the management of several mattress companies. Keith attributed weakness in the company's recent quarterly report to "several quarter specific issues that seem more transitory." The analyst said he is less positive on both shares of Mattress Firm

and Select Comfort

. Amid the positive comments, Keith maintains a Neutral rating and $30 price target on shares of Tempur Sealy. Tempur Sealy reported worse-than-expected second-quarter results on Thursday of last week. Shares fell nearly 12 percent over Friday's trading session. Following another percent move lower on Monday, the stock is bouncing Tuesday, now up more than 6 percent to just under $39.