Mattress Firm risk/reward significantly favors upside, says Piper Jaffray After meeting with management, Piper Jaffray reiterates an Overweight rating on Mattress Firm and calls the stock one of its favorite investment ideas for the next 12 months. Piper believes the current risk/reward on shares significantly favors the upside over the next 12 months.
News For MFRM From The Last 14 Days
Check below for free stories on MFRM the last two weeks.
Mattress Firm spikes higher after results, guidance, first look The stock is up over 13% to $38.75 in the extended session following results and guidance that beat expectations. Next resistance is at $39.31. Support is at $37.60.
Mattress Firm backs 2014 adjusted EPS view $1.75-$1.83, consensus $1.77 Raises 2014 revenue view to $1.217B-$1.224B from $1.194B-$1.207B, consensus $1.20B. Raises SSS view to flat to low single-digit from flat. Raises 2014 new stores view to 140-150 from 130-140.