Tigress Financial Partners Starts Tempur-Pedic (TPX) at Strong Buy

December 11, 2012 12:10 PM EST
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Price: $62.68 -1.57%

Rating Summary:
    6 Buy, 12 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 10 | New: 6
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Tigress Financial Partners initiates coverage on Tempur-Pedic (NYSE: TPX) with a Strong Buy.

"The acquisition of Sealy Corp. (ZZ) increases TPX's overall mattress market share," analyst Ivan Feinseth notes. "Putting these two premium-name companies together gives TPX broader product lines and more varies price points and get them in more doors. The acquisition of Sealy also gives TPX better access to the hotel market. ZZ currently is the hotel mattress of choice. TPX will now be better positioned to offer hotels the opportunity of upgrading to the TPX memory foam mattresses."

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 $27.99 yesterday.

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