Tempur Sealy price target raised to $67 from $60 at BofA

BofA raised the firm’s price target on Tempur Sealy (TPX) to $67 from $60 and keeps a Buy rating on the shares after having attended an investor meeting in Las Vegas highlighting new Sealy product launches. Management remains confident in another year of market outperformance in 2025, supported by new product launches and growth in international markets, says the analyst, who thinksa premium multiple is justified given the company’s strong market share gains and the potential industry recovery.