Select 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.
Tempur Sealy share gains likely to continue, says BofA/Merrill BofA/Merrill said Tempur's North American sales have been impressive and gained share in Q3. The firm expects Tumpur to report earnings growth above the industry for the next two years and sees further upside from greater-than-expected Sealy synergies and debt pay down. Shares are Buy rated with a $61 price target.