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Tempur Sealy International Inc (NYSE:TPX) is progressing to close the Mattress Firm acquisition this year.
The Lexington, Kentucky-based company has emerged as a “dominant” player in the mattress industry and its multi-year growth outlook is “becoming highly attractive to long-term investors,” according to Piper Sandler.
The Tempur Sealy International Analyst: Peter Keith upgraded the rating for Tempur Sealy International from Neutral to Overweight, while raising the price target from $41 to $61.
The Tempur Sealy International Thesis: The company is likely to exceed the current consensus earnings estimates for 2024, Keith said in the upgrade note.
Check out other analyst stock ratings.
The analyst mentioned four reasons for the upgrade:
TPX Price Action: Shares of Tempur Sealy International had risen by 2.08% to $50.11 at the time of publication Thursday.
Posted In: TPX