Longbow Research Downgrades Tempur Sealy (TPX) to Neutral
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UBS Starts Tempur Sealy (TPX) at Neutral
September 29, 2016 6:56 AM EDTUBS initiates coverage on Tempur Sealy (NYSE: TPX) with a Neutral rating and a price target of $60.00, saying improvement opportunities and stellar management balance industry risks.
Analyst Michael Lasser commented, "We see a wide range of potential outcomes for TPX's shares with the... More
Wedbush Cuts Price Target on Tempur Sealy (TPX) to $55; Reiterates Neutral
September 28, 2016 7:02 AM EDTWedbush maintained a Neutral rating on Tempur Sealy (NYSE: TPX), and cut the price target to $55.00 (from $71.00), following the company's investor conference. TPX reduced FY16 sales growth guidance by 4 percentage points at the midpoint to (1%)-(3%) from +lsd, and reduced FY16 EBITDA guidance by ~5% at the midpoint to $500-$525m from $525-$550m.
Analyst Seth Basham commented, "Ahead of an... More
Tempur Sealy (TPX) Updates on Outlook; Sees Q3 Sales Below Prior Expectations
September 27, 2016 4:11 PM EDTTempur Sealy International, Inc. (NYSE: TPX) provided an update to its financial guidance for full year 2016 and sales trends in advance of its participation at a financial conference.
Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, "Third quarter net sales are below our prior expectations. We currently expect net sales for the full year to be down 1 to 3 percent... More
