In a report released today, Robert Drbul from Guggenheim maintained a Hold rating on Tempur Sealy (TPX). The company’s shares opened today at $53.69.
Drbul said:
“We downgrade TPX shares to NEUTRAL from BUY and remove our $55 PT.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 11.1% and a 66.4% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
Currently, the analyst consensus on Tempur Sealy is a Moderate Buy with an average price target of $55.25.
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Based on Tempur Sealy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $42.3 million. In comparison, last year the company had a net profit of $49.7 million.
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Tempur Sealy International, Inc. develops, manufactures and markets and distributes bedding products. Its products include mattresses, adjustable bases, pillows and other sleep and relaxation products. It operates through North America and International segments.
