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Select Comfort (SCSS) stock fell on Wednesday after competitor Tempur Sealy (TPX) said late yesterday that it expects third quarter sales to be below estimates.
Select Comfort (SCSS) stock rating was boosted to 'overweight' from 'neutral' at Piper Jaffray on Monday.
After rival Mattress Firm (MFRM) agreed to a buyout by African furniture seller Steinhoff (SNHFY), Select Comfort (SCSS) stock jumped on deal speculation.
Trade-Ideas LLC identified Select Comfort (SCSS) as a "dead cat bounce" (down big yesterday but up big today) candidate