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Stock Market & Financial Investment News

News Breaks
January 30, 2013
06:28 EDTSCSS, TPXSelect 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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February 11, 2016
16:16 EDTSCSSSelect Comfort says ERP transition caused delays, delivery reschedulings
"The transition from our 20-year-old legacy systems to a fully integrated ERP platform has been more challenging with far greater customer and financial impacts than we anticipated. Many of our customers endured delays and delivery reschedules as we ramped up the new system. We have made major progress resolving technical and operational issues. Plants have increased production levels ahead of current demand and operational and customer service levels have significantly improved," the company said.
16:15 EDTSCSSSelect Comfort sees FY16 EPS with items $1.25-$1.45, consensus $1.57
EPS figure includes 25c-30c negative impact related to ERP transition, largely impacting Q1, including sales impact of $40M-$50M. Sees FY16 sales growth in low teens, with low-single digit growth in 1H, followed by stronger growth in back-half of year.
16:13 EDTSCSSSelect Comfort reports Q4 EPS with items (42c), consensus (5c)
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February 5, 2016
13:22 EDTTPXOptions with decreasing implied volatility
Options with decreasing implied volatility: VHC BWLD DECK GRUB UBNT CMG TPX GILD KORS QIHU
February 4, 2016
11:33 EDTTPXTempur Sealy selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Peter Keith says he's surprised by the selloff today in shares of Tempur Sealy. He expected the stock to be down "somewhat" given the 3% sales miss on Q4, but calls the 10% pullback overdone. Keith views Tempur's outlook and conference call as positives and recommends buying the stock on today's weakness. The analyst keeps an Overweight rating on the name with an $85 price target.
10:10 EDTTPXOptions with decreasing implied volatility
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07:04 EDTTPXTempur Sealy sees FY16 adjusted EBITDA $500M-$550M
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07:04 EDTTPXTempur Sealy reports Q4 adjusted EPS 99c, consensus 99c
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February 3, 2016
09:03 EDTTPXTempur Sealy should be bought on any weakness, says KeyBanc
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February 2, 2016
11:50 EDTTPXOptions with increasing put volume; BKLN AKS ROK MCHP EXXI TPX ALU TXT RCL
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07:07 EDTTPXTempur Sealy reports proposed changes in Board of Directors
empur Sealy International provided an update on proposed changes in its Board of Directors as part of its ongoing efforts to refresh and transition its Board. n connection with a review over the last several months by the Board's Nominating and Corporate Governance Committee of the Board's size, composition and tenure, including discussions with Board members about their individual plans, Francis A. Doyle, Peter K. Hoffman, Sir Paul Judge, Nancy F. Koehn and Lawrence J. Rogers informed the NCG Committee that they did not wish to stand for re-election, and would retire as directors effective upon completion of the Company's Annual Meeting of Stockholders scheduled for May 5. The Board of Directors, upon recommendation of the NCG Committee after this review, approved going forward with a smaller Board and nominated seven directors for re-election at the 2016 Annual Meeting.
January 29, 2016
10:05 EDTSCSSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
07:17 EDTSCSSSelect Comfort upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Seth Basham upgraded Select Comfort to Outperform after his firm's store survey pointed to a positive inflection in sales trends. The analyst sees a more favorable risk/reward at current share levels and keeps a $23 price target for the name.

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