Tempur Sealy price target raised to $63 from $58 at Truist

Truist raised the firm’s price target on Tempur Sealy (TPX) to $63 from $58 and keeps a Buy rating on the shares. A ruling on the attempt to block the company’s acquisition of Mattress Firm could come any day as the trial concluded last month, and the stock’s outperformance relative to its peers since then is indicating for the first time in this close to two-year saga that investors believe Tempur Sealy will win, the analyst tells investors in a research note. Truist adds that it still sees synergies beyond those indicated that could lead to double-digit EPS growth from the deal.