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Oppenheimer Reiterates an 'Outperform' on Tempur-Pedic (TPX); Meeting with Mgmt Confirms Belief

March 15, 2012 12:49 PM EDT
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Price: $56.82 +1.05%

Rating Summary:
    11 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Oppenheimer reiterates an 'Outperform' on Tempur-Pedic (NYSE: TPX) price target of $92.00.

Oppenheimer analyst, said, "Our recent meeting with Tempur-Pedic management confirmed our belief that the company has baked a fair amount of conservatism into its guidance on a number of fronts, thus providing potential upside to numbers."

Oppenheimer raises FY12 EPS estimate from $3.95 to $4.00 and FY13 from $4.70 to $4.80.

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 $82.30 yesterday.


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