Consumer Cos Up on Holiday Shopping Optimism — Consumer Roundup
Consumer companies rose as traders positioned themselves for the holiday shopping season.
The U.S. apparel and footwear consumer spending outlook over the next 90 days is mixed, said analysts at brokerage UBS, citing September market-research data.
Tempur Sealy International said it would sell dozens of Mattress Firm stores and the Sleep Outfitters chain in an attempt to assuage concerns among antitrust regulators.
Shares of Keurig Dr Pepper rose after analysts at brokerage Citi boosted their rating on the soft-drinks firm to buy from neutral, citing renewed growth potential for the company's U.S. coffee business.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 23, 2024 18:06 ET (22:06 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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