Tempur-Pedic International, Inc. (TPX) Tops Q1 EPS by 4c; Guides In-Line

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Go back to Tempur-Pedic International, Inc. (TPX) Tops Q1 EPS by 4c; Guides In-Line

Wedbush Raises Tempur-Pedic (TPX) to Outperform on New Products Response

May 2, 2014 7:37 AM EDT

Wedbush upgraded Tempur-Pedic (NYSE: TPX) from Neutral to Outperform with a price target of $70.00 (from $48.00). Analyst Joan Storms noted positive initial response to new products.

"Upgrading TPX to OP based upon confirmation of positive retailer response to new products for TPX-NA, which was our thesis for the trigger point on the stock," said Storms.

"We had been positive on the new... More