Barclays Takes More Conservative Tone on Tempur-Pedic (TPX); Cutting Price Target As Competitive Forces Change

May 7, 2012 1:20 PM EDT
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Price: $58.60 +1.97%

Rating Summary:
    7 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 40
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Barclays maintains an 'Equalweight' on Tempur-Pedic (NYSE: TPX) price target lowered from $85 to $63.

Analyst, Jessics Schoen, said, "We are taking a more conservative stance on valuation for the following reasons: the intensifying competitive environment for specialty mattresses, uncertainty around potential cannibalization presented by the Simplicity launch, and tough compares as a result of very strong industry growth in the last year, particularly in the specialty segment."

For an analyst ratings summary and ratings history on Tempur-Pedic click here. For more ratings news on Tempur-Pedic click here.

Shares of Tempur-Pedic closed at $56.71 yesterday.

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