Tempur Sealy price target raised to $56 from $48 at KeyBanc

KeyBanc raised the firm’s price target on Tempur Sealy to $56 from $48 and keeps an Overweight rating on the shares. The near-term outlook for consumer spending remains at risk, with elevated interest rates, a weaker labor market, and higher living expenses remaining overhangs on ability and intent to spend, but the outlook for 2025 seems to be improving, favoring top five picks like Tempur Sealy, which is driving growth and is positioned to benefit when consumer spending accelerates, the analyst tells investors in a research note.