KeyBanc Downgrades Tempur-Pedic (TPX); Was Not 'Expecting Anything as Dramatic as Today's Announcement'

Article Stock Quotes (1) Comments (0)

KeyBanc downgraded shares of Tempur-Pedic (NYSE: TPX) from Buy to Hold in a mid-day research note Wednesday. The firm suspended its prior $85 price target.

The downgrade follows sharply reduced FY12 guidance from Tempu-Pedic this morning. The stock is down a jaw-dropping 47 percent at last check.

KeyBanc said it was "not expecting anything as dramatic as today's announcement."

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

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
• UPDATE: Exane BNP Paribas Downgrades BlackBerry (BBRY) to Underperform; Analyst Says Profit 'Drying Up'
• Macquarie Downgrades Melco Crown Enter. (MPEL) to Neutral

Create E-mail Alert Related Categories

Downgrades

Related Entities

KeyBanc

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?