Tempur-Pedic (TPX -1.4%) trades lower despite an upgrade by Oppenheimer to Outperformon...

|About: Tempur Sealy International ... (TPX)|By:, SA News Editor

Tempur-Pedic (TPX -1.4%) trades lower despite an upgrade by Oppenheimer to Outperformon valuation with a price target of $70, implying almost 40% upside from where the shares currently trade. Oppenheimer says that in a number of scenario tests it found that its 2014 valuations warranted a stock price well above current levels.