UBS lowered the firm’s price target on Somnigroup (SGI) to $115 from $122 and keeps a Buy rating on the shares. Despite a lot of moving pieces, the Q4 report doesn’t change the firm’s thesis much, the analyst tells investors in a research note. The firm views the 8.6% pullback on shares as a compelling opportunity.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SGI:
- Tempur Sealy Earnings Call Signals Strength Amid Slump
- Third Point takes new stake in Chipotle, exits Flutter and Meta
- Somnigroup Updates Strategy Amid Global Bedding Market Recovery
- Balanced Risk-Reward Keeps Somnigroup at Hold Despite Synergies and Growth Initiatives
- Somnigroup price target raised to $90 from $86 at Jefferies