TPX Stock: $50 Target (Up From $47) By Piper Sandler

By Amit Chowdhry ● May 4, 2021
  • The shares of Tempur Sealy International Inc (NYSE: TPX) have received a price target increase from $47 to $50 by Piper Sandler. These are the details.

The shares of Tempur Sealy International Inc (NYSE: TPX) have received a price target increase from $47 to $50 by Piper Sandler. And Piper Sandler analyst Peter Keith is maintaining an “Overweight” rating on the company shares.

Keith does not believe there is a reason for the stock selloff following strong first-quarter results. And Keith noted that the company’s competitive positioning is remaining at an all-time high.

Plus Keith said that the bedding industry has never been healthier and the consumer is in excellent shape. The company’s international operations are also expected to see sequential improvements in trends into next year.

So Keith recommends buying Tempur Sealy on the pullback of the shares.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.