Exclusive: Mattress Firm explores U.S. bankruptcy to close stores

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Piper Jaffray Remains Bullish on Tempur Sealy (TPX) as Mattress Firm (MFRM) Bankrupcy Speculation Rises

August 8, 2018 7:15 AM EDT

Piper Jaffray reiterated an Overweight rating and $65.00 price target on Tempur Sealy (NYSE: TPX) as speculation rises for a potential Mattress Firm (MFRM) bankruptcy.

In general, for EBITDA benefit to TPX, analyst Peter Keith believes MFRM store closures (~$25M) and a MFRM/TPX... More