Goldman Sachs Starts Tempur-Pedic (TPX) at Neutral

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Goldman Sachs initiates coverage on Tempur-Pedic (NYSE: TPX) with a Neutral rating and 6-month price target of $66.

The firm is positive on the long-term earnings trajectory. However, TPX is at a relatively mature point in its growth cycle and they said investors should wait for a more favorable risk/reward.

For more ratings news on Tempur-Pedic click here and for the rating history of Tempur-Pedic click here.

Shares of Tempur-Pedic closed at $62.81 yesterday, with a 52 week range of $27.42-$74.81.

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