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June 4, 2014
07:27 EDTMFRMMattress Firm sales trends improving, says Piper Jaffray
Piper Jaffray attributes Mattress Firm's Q1 earnings miss to increased investments and says the company's sales trends have accelerated in recent months through Memorial Day. Piper raised its price target for shares to $52 from $20 and maintains an Overweight rating on the stock.
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