UBS Starts Tempur Sealy (TPX) at Neutral
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
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Longbow Research Downgrades Tempur Sealy (TPX) to Neutral
September 28, 2016 7:06 AM EDTLongbow Research downgraded Tempur Sealy (NYSE: TPX) from Buy to Neutral and removed its price target (prior $100.00).
For an analyst ratings summary and ratings history on Tempur Sealy click here. For more ratings news on Tempur Sealy click here.
Shares of Tempur Sealy closed at $74.45 yesterday.
... MoreWedbush Cuts Price Target on Tempur Sealy (TPX) to $55; Reiterates Neutral
September 28, 2016 7:02 AM EDTWedbush maintained a Neutral rating on Tempur Sealy (NYSE: TPX), and cut the price target to $55.00 (from $71.00), following the company's investor conference. TPX reduced FY16 sales growth guidance by 4 percentage points at the midpoint to (1%)-(3%) from +lsd, and reduced FY16 EBITDA guidance by ~5% at the midpoint to $500-$525m from $525-$550m.
Analyst Seth Basham commented, "Ahead of an... More
Tempur Sealy (TPX) Updates on Outlook; Sees Q3 Sales Below Prior Expectations
September 27, 2016 4:11 PM EDTTempur Sealy International, Inc. (NYSE: TPX) provided an update to its financial guidance for full year 2016 and sales trends in advance of its participation at a financial conference.
Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, "Third quarter net sales are below our prior expectations. We currently expect net sales for the full year to be down 1 to 3 percent... More