Somnigroup price target raised to $75 from $72 at Truist

Truist analyst Keith Hughes raised the firm’s price target on Somnigroup (SGI) to $75 from $72 and keeps a Buy rating on the shares. The company’s results were above expectations with improvement in the domestic wholesale business and particular good International sales, though trends have been mixed so far in 2025 with February slow after several months of increases, the analyst tells investors in a research note. More Mattress Firm integration work could yield more synergies as 2025 progresses, Truist added.