KeyBanc Downgrades Mattress Firm Holding Corp. (MFRM) to Sector Weight

KeyBanc downgraded Mattress Firm Holding Corp. (NASDAQ: MFRM) from Overweight to Sector Weight. Analyst Bradley B. Thomas said he is concerned about the choppy consumer landscape.

"In the long run, MFRM remains positioned to drive door growth, unit productivity, margin improvement and cash flow. However, in the near term, we are increasingly concerned about a choppy consumer landscape, elevated execution risk on recent acquisitions, and growing share gains by emerging ecommerce competitors. As such, we recommend investors stay on the sidelines in the near term, as we await signs of improvements in underlying trends. We downgrade to SW from OW," said Thomas.

For an analyst ratings summary and ratings history on Mattress Firm Holding Corp. click here. For more ratings news on Mattress Firm Holding Corp. click here.

Shares of Mattress Firm Holding Corp. closed at $31.01 yesterday.

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