Truist raised the firm’s price target on Tempur Sealy (TPX) to $72 from $69 and keeps a Buy rating on the shares. The company’s approved acquisition of Mattress Firm is accretive by 5%-10%, with the stated $100M of synergies on the roughly $1.2B EBITDA base, and these synergies could double in the future, the analyst tells investors in a research note.
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