Truist analyst Keith Hughes raised the firm’s price target on Tempur Sealy to $46 from $32 and keeps a Buy rating on the shares. The analyst is citing "very encouraging commentary" coming from the recent mattress industry trade show suggesting a bottoming of demand and less pricing pressure than anticipated. The firm is also raising its FY23 EPS view by 18c to $2.64.
Published first on TheFly
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