Tempur Sealy price target lowered to $45 from $49 at Raymond James

Raymond James analyst Bobby Griffin lowered the firm’s price target on Tempur Sealy to $45 from $49 and keeps a Strong Buy rating on the shares ahead of the earnings report scheduled for May 8. The firm continues to believe Tempur Sealy is taking market share versus its peers, but checks indicate bedding demand slowed sequentially in March and that weakness continued into April, the analyst tells investors in a research note.