Oppenheimer Upgrades Tempur-Pedic (TPX) to Outperform; Investor Concerns Overstated & Manageable

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Oppenheimer upgraded Tempur-Pedic (NYSE: TPX) from Perform to Outperform with a price target of $70.00.

Oppenheimer analyst says, "The stock has been rather volatile of late, having been weighed down by a handful of investor concerns which we believe are overstated and manageable, thus creating an attractive entry point into this compelling secular growth story."

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 $52.68 yesterday, with a 52 week range of $35.65-$74.81.

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