Wedbush Reiterates an 'Outperform/Best Idea' on Tempur-Pedic (TPX); See Further Upside
Tweet
Share
E-mailGet Alerts TPX Hot Sheet
Price: $68.78 --0%
Rating Summary:
12 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Wedbush reiterates an 'Outperform' on Tempur-Pedic (NYSE: TPX) price target raised from $82 to $97.
Wedbush analyst said, "Reiterate rating for this Best Ideas List Stock, as we expect TPX to be a strong beneficiary of market share gains from new products and internal execution as the mattress industry continues to recover. Post the company’s Q4 report, Vegas show, and analyst event, the stock has reached our price target. However, we continue to remain positive on: 1) new product introductions, 2) international expansion opportunities, 3) improved selling strategy at retail, 4) new marketing initiatives, and 5) strong brand awareness."
FY12 EPS estimate raised from $3.90 to $4.00 and FY13 from $4.50 to $4.63.
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 $82.24 yesterday.
Wedbush analyst said, "Reiterate rating for this Best Ideas List Stock, as we expect TPX to be a strong beneficiary of market share gains from new products and internal execution as the mattress industry continues to recover. Post the company’s Q4 report, Vegas show, and analyst event, the stock has reached our price target. However, we continue to remain positive on: 1) new product introductions, 2) international expansion opportunities, 3) improved selling strategy at retail, 4) new marketing initiatives, and 5) strong brand awareness."
FY12 EPS estimate raised from $3.90 to $4.00 and FY13 from $4.50 to $4.63.
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 $82.24 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Petronet LNG Ltd. (PLNG:IN) PT Raised to INR310 at ICICI Securities
- Stantec Inc. (STN:CN) (STN) PT Lowered to Cdn$169 at Desjardins
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Wedbush Best Ideas ListSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
