Tempur Sealy price target raised to $69 from $63 at Truist

Truist analyst Keith Hughes raised the firm’s price target on Tempur Sealy (TPX) to $69 from $63 and keeps a Buy rating on the shares as part of a broader research note after attending trade shows for the Residential Flooring and Mattress industries. Both sectors were the first to see a downturn as evidenced by this show 3 years ago, but the firm’s meetings reflected a turn in business to positive in the November-January timeframe, with both putting up positive months, the analyst tells investors in a research note. The early cycle nature of these products could foretell an industry rebound in all remodel areas eventually, the firm added.