UBS Defends Mattress Firm Holding Corp. (MFRM); A Few Adjustments, But Still The Same Bed

UBS maintains a 'Buy' on Mattress Firm Holding Corp. (NASDAQ: MFRM) price target of $50.00.

Analyst, Michael Lasser, said, that the company may be making a few 'adjustments', but it's still the 'same bed'.

However, today shares of Mattress Firm are down to $29.22, dropping $6.08 (-17.22%) in sympathy, as Tempur-Pedic (NYSE: TPX) shares sink 47% after the company warned this morning. TPX announced Q2 revenues will be down 3-5% vs. Q2 of last year and Q2 EPS down 50%. The company also expects full-year earnings of ~2.70 vs. $3.93 consensus. TPX lowers full-year revenues to $1.43 billion vs. $1.65 billion consensus.

For an analyst ratings summary and ratings history on Mattress Firm Holding Corp. click here. For more ratings news on Mattress Firm Holding Corp. click here.

Shares of Mattress Firm Holding Corp. closed at $35.30 yesterday.

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