Raymond James analyst Bobby Griffin raised the firm’s price target on Tempur Sealy to $45 from $35 and keeps a Strong Buy rating on the shares ahead of the Q4 earnings report. Tempur Sealy continues to perform well on a relative basis versus its peers, the analyst tells investors in a research note, adding that while industry trends remain negative, there is some evidence that demand is stabilizing. Even with the current macro environment, 2022 could mark the low point in earnings for Tempur Sealy.
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Published first on TheFly
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