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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:12 EDTMAS, TPXTempur-Pedic appoints W. Timothy Yaggi as COO
Tempur-Pedic (TPX) International announced the appointment of W. Timothy Yaggi as COO. Yaggi will report to Mark Sarvary, President and CEO. Yaggi brings over 25 years of operational experience leading well-respected publicly traded consumer durable companies, including Norelco, Whirlpool and Masco. Most recently, Yaggi was Group President of the North America Builder Group at Masco (MAS), a $7.5B manufacturer, distributor, and installer of home improvement and building products. From 1994 to 2008 Yaggi held a number of senior management positions at Whirlpool Corporation.
News For TPX;MAS 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.
07:34 EDTMASJPMorgan to hold a conference
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06:10 EDTTPXTempur Sealy upgraded to Buy from Neutral at Longbow

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