Somnigroup price target raised to $90 from $86 at Jefferies

Jefferies raised the firm’s price target on Somnigroup (SGI) to $90 from $86 and keeps a Hold rating on the shares. The firm says industry demand was softer than management anticipated in Q4, but Tempur Sealy and Mattress Firm outperformed. Jefferies views the 2026 sales midpoint as realistic, given a potentially conservative assumption for flattish industry growth offset by what could be planned share gains that could be a bit “rosy.” Somnigroup continues to see meaningful benefits from its merger, though synergies are appropriately reflected in Street EPS, adds the firm.