Select Comfort Lying Flat

Tags: scss
14 Jan 4:23am
Posted by ZacksResearch
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Select Comfort Corp. (SCSS) is a leading specialty mattress manufacturer and retailer. Sales trends in the mattress industry are worsening, which puts Select Comfort in a difficult position. There is little demand for the company's high quality but high price-point bedding.

While the company no longer provides specific sales and earnings guidance, management indicated that it is going to focus on reducing costs, aggressively closing stores, and preserving cash.

We maintain our Hold rating, as its shares reflect an extended period of weak results. Our target price is $1.00.

Read the full analyst report on SCSS




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