Standpoint Research Starts Tempur-Pedic (TPX) at Buy
Get Alerts TPX Hot Sheet
Price: $50.31 +2.40%
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
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Standpoint Research initiates coverage on Tempur-Pedic (NYSE: TPX) with a Buy. PT $68.00.
The firm said, "The recent market correction has dragged TPX shares down from $75 to $53, creating an attractive entry point for investors with an 18-36 month time horizon. In our opinion fair value for TPX looking out to 2012-2013 is 17X $4.00 in EPS potential. TPX was on our short shopping list of names we were hoping would come down in a market slide. Our price target is $68 and that would represent a retracing of two-thirds ($15) the ($22) drop since July 27."
For more ratings news on Tempur-Pedic click here and for the rating history of Tempur-Pedic click here.
Shares of Tempur-Pedic closed at $54.20 yesterday.
The firm said, "The recent market correction has dragged TPX shares down from $75 to $53, creating an attractive entry point for investors with an 18-36 month time horizon. In our opinion fair value for TPX looking out to 2012-2013 is 17X $4.00 in EPS potential. TPX was on our short shopping list of names we were hoping would come down in a market slide. Our price target is $68 and that would represent a retracing of two-thirds ($15) the ($22) drop since July 27."
For more ratings news on Tempur-Pedic click here and for the rating history of Tempur-Pedic click here.
Shares of Tempur-Pedic closed at $54.20 yesterday.
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