Tempur Sealy price target raised to $65 from $60 at Truist

Truist raised the firm’s price target on Tempur Sealy to $65 from $60 and keeps a Buy rating on the shares. The firm notes that the recent public statements from the company and industry commentary on store sale process from the Mattress Firm deal suggest a growing possibility of completion. Truist adds that it sees substantially greater synergies from the combination than announced, stating that coupled with industry recovery, it sets up a potential doubling for the stock over 2-3 years.