Goldman Sachs Maintains Buy Rating for Tempur Sealy Intl: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Tempur Sealy Intl TPX and raise its price target from $33.00 to $42.00.

Shares of Tempur Sealy Intl are trading down 0.05% over the last 24 hours, at $38.95 per share.

A move to $42.00 would account for a 7.83% increase from the current share price.

About Tempur Sealy Intl

Tempur Sealy International Inc is one of the world's largest bedding providers. The firm develops and distributes bedding products globally through its North America and international segments (Europe, Asia Pacific, and Latin America). Tempur Sealy's products are divided into the bedding and other product categories. The bedding category comprises the majority of net sales. The primary distribution channels of the company within each segment are retail (including furniture and bedding retailers, department stores, and warehouse clubs) and other (including e-commerce platforms, company-owned stores, and third-party distributors). The majority of net sales is derived from retail. Some major brands of the firm include Tempur, Tempur-Pedic, Sealy, and Stearns and Foster.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.