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Stock Market & Financial Investment News

News Breaks
January 30, 2013
06:28 EDTTPX, SCSSSelect Comfort risk/reward significantly favors upside, says Piper Jaffray
After meeting with management, Piper Jaffray says Select Comfort (SCSS) remains one of the strongest long-term growth stories in its coverage universe. The firm believes Tempur-Pedic's (TPX) entry into the air adjustable mattress market is not a threat to Select Comfort and says it could actually grow the overall space. Piper thinks the risk/reward on Select Comfort shares significantly favors the upside and reiterates an Overweight rating on the stock with a $32 price target.
News For SCSS;TPX From The Last 14 Days
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May 21, 2015
07:16 EDTTPXLongbow to hold a conference
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May 19, 2015
09:58 EDTTPXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:41 EDTTPXTempur Sealy upgraded on Sealy gross margin improvement at Longbow
As previously reported, Longbow upgraded Tempur Sealy to Buy from Neutral. The firm believes the new CEO will accelerate Sealy gross margins and focus on better procurement, plant consolidations, and higher first pass scrap yields, among other improvements. Longbow predicts Sealy gross margins to reach 33% in FY16, a year ahead of management's goal, and established a $73 price target on the shares.
06:10 EDTTPXTempur Sealy upgraded to Buy from Neutral at Longbow
May 12, 2015
08:32 EDTSCSSBlue Clay withdraws slate of nominees for election to Select Comfort board
Blue Clay issued an open letter to shareholders of Select Comfort announcing that, in recognition of the company's progress in implementing Blue Clay's recommended actions, Blue Clay has determined to withdraw its slate of two director nominees for election to the Board of Directors of the Company at its upcoming 2015 annual meeting. In the letter, Blue Clay commented, "Since we submitted our nominations on December 4, 2014, as the Board and management began implementing our recommended changes and supported the stock with increased share repurchases and investor communication, the Company's stock price has increased by 21.9%. As long-term holders, we are hopeful the Company will continue to make changes that benefit shareholders. Specifically, we hope that the Company will move to open the four remaining markets previously identified by management to be developed by 2014, close the significant gap to historical margin guidance, and further improve capital allocation by returning more cash to shareholders and reducing annual capital expenditures to focus on new store growth once the ERP and store remodel and relocation program are concluded later this year. In recognition of the company moving in the overall direction of our recommendations, we are withdrawing our slate of two director nominees for election to the Board at this year's annual shareholders meeting."

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