Somnigroup price target lowered to $95 from $105 at Raymond James

Raymond James lowered the firm’s price target on Somnigroup (SGI) to $95 from $105 and keeps a Strong Buy rating on the shares. The company delivered mixed Q1 results with modest revenue and EBITDA misses offset by a slight EPS beat, while maintaining 2026 EPS guidance of $3.00-$3.40 that assumes a back-half weighted recovery, supported by cost offsets including reduced advertising spend and higher synergy savings, though the outlook embeds some uncertainty given softer near-term demand and a reliance on improving industry trends and pricing actions in 2H to offset incremental cost pressures, the analyst tells investors in a research note.