Piper Sandler analyst Peter Keith raised the firm’s price target on Tempur Sealy to $35 from $29 and keeps a Neutral rating on the shares. The recent Serta Simmons bankruptcy filing "still leaves many questions unanswered," the analyst tells investors in a research note. The analyst expects Tempur to be the biggest long-term beneficiary on the Serta bankruptcy, but says the timing of share gains remains unclear without a reorg plan or final resolution on the bankruptcy filing.
Published first on TheFly
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