Tempur Sealy price target raised to $40 from $25 at Loop Capital

Loop Capital analyst Laura Champine raised the firm’s price target on Tempur Sealy to $40 from $25 but keeps a Hold rating on the shares. The analyst is raising her sales estimates on more benign currency factors while also increasing her earnings estimates for this year and next on expectation for cost pressures to ease. Champine adds however that a Hold rating is warranted as her retail checks this week were "much more mixed than expected".