Tempur Sealy price target raised to $70 from $66 at KeyBanc

KeyBanc analyst Bradley Thomas raised the firm’s price target on Tempur Sealy (TPX) to $70 from $66 and keeps an Overweight rating on the shares. Late Friday, the Texas federal court ruled that it would not block TempurSealy’s planned acquisition of Mattress Firm. The judge did grant the FTC’s request for a 7-day temporary restraining order from the deal closing, in order for the FTC to appeal. Nonetheless, with this important ruling on the recent federal trial, the firm believes it is now highly likely that the deal will be able to close.