Tempur Sealy price target raised to $60 from $50 at Truist

Truist raised the firm’s price target on Tempur Sealy to $60 from $50 and keeps a Buy rating on the shares after its Q4 results and FY24 guidance. The outlook anticipates a slow start in Q1, but investors will likely look past a weak start given signs of a bottoming in demand for the industry, the analyst tells investors in a research note. Truist adds that Tempur Sealy management has seen order growth, which is much better than retail reports.