Wedbush Q2 Preview on Mattress Firm (MFRM): Superior Operator with Proven Growth Strategy
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Price: $64.02 --0%
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush reiterates an 'Outperform' on Mattress Firm Holding Corp. (NASDAQ: MFRM) price target of $38.00.
Analyst, Joan Storms, said, "We forecast Q2 EPS of $0.28 with comps up 5.5%...We see Mattress Firm as a beneficiary from the ongoing “foam war” between manufacturers which is driving product innovation and consumer demand. With so much innovation in the mattress industry this year, consumers have been exposed to a barrage of marketing from a number of manufacturers. Mattress Firm wins regardless of which manufacturers come out on top, since it has the ability to sell whichever brands are in demand (aside from Sleep Number), especially since it changed its commission schedule to drive higher ASPs."
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 $32.19 yesterday.
Analyst, Joan Storms, said, "We forecast Q2 EPS of $0.28 with comps up 5.5%...We see Mattress Firm as a beneficiary from the ongoing “foam war” between manufacturers which is driving product innovation and consumer demand. With so much innovation in the mattress industry this year, consumers have been exposed to a barrage of marketing from a number of manufacturers. Mattress Firm wins regardless of which manufacturers come out on top, since it has the ability to sell whichever brands are in demand (aside from Sleep Number), especially since it changed its commission schedule to drive higher ASPs."
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 $32.19 yesterday.
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