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Actionable news in SCSS: Select Comfort Corporation,

Select Comfort (SCSS) Stock Closed Sharply Higher, Upgraded at Piper Jaffray

NEW YORK (TheStreet) -- Shares of Select Comfort (SCSS) closed up 7.45% to $27.68 on heavy trading volume on Monday as Piper Jaffray raised its rating on the stock to "overweight" from "neutral," the Fly reports.

The firm also upped its price target to $31 from $23 on shares of the Minneapolis-based owner of Sleep Number beds.

The higher rating and price target come after the firm traveled with Select Comfort's management.

Piper sees significant upside potential to 2017 consensus earnings expectations as the company moves beyond four years of heavy investment and transformation...


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