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Stock Market & Financial Investment News

News Breaks
January 30, 2013
07:46 EDTTPXTempur-Pedic upgraded to Buy from Hold at KeyBanc
KeyBanc upgraded Tempur-Pedic (TPX) based on new product offerings that should result in increased market share and growth. Price target is $48.
News For 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 11, 2015
15:07 EDTTPXFollow-up: Tempur Sealy downgraded at Raymond James
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14:00 EDTTPXTempur Sealy downgraded to Market Perform from Outperform at Raymond James
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09:18 EDTTPXTempur Sealy announces CEO Mark Savary to step down on May 12, 2015
Tempur Sealy announced that Mark Sarvary will step down as the company's President and CEO on May 12, 2015. The Tempur Sealy board has appointed Timothy Yaggi, currently COO, to serve as interim CEO of Tempur Sealy, effective upon Sarvary's resignation.
May 8, 2015
13:51 EDTTPXTempur Sealy resumes, up 4.2% after CEO, two others voted off board
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13:45 EDTTPXTempur Sealy says three directors, including CEO, voted off board
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13:36 EDTTPXTempur Sealy trading halted, pending news
12:35 EDTTPXH Partners: Tempur Sealy investors vote against re-election of three directors
H Partners Management, the largest shareholder of Tempur Sealy with an approximate 10% stake, announced that, based on a preliminary vote count, an overwhelming majority of Tempur Sealy shareholders voted against the re-election of all three directors targeted by H Partners: Mark Sarvary, President and CEO; P. Andrews McLane, Chairman of the Board ; Christopher A. Masto, Chairman of the Nominating and Corporate Governance Committee. Usman Nabi of H Partners said, “We thank Tempur Sealy’s shareholders for supporting our campaign for leadership change. We look forward to working constructively with a reinvigorated Board to create value for all shareholders.”

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