CSPR - Casper Sleep lands bull rating from Wedbush Securities

Casper Sleep (CSPR) is on watch after Wedbush Securities upgrades the bedding stock to an Outperform rating after having it slotted at Neutral. The firm sees a a better path forward for Casper Sleep and upside to the current trading level. "CSPR shares have matched the performance of the Russell 2000 year-to-date, increasing 15% since the beginning of the year. With an attractive relative valuation and a clear and balanced path forward between revenue growth and profitability, we see opportunity." Shares of Casper Sleep are up 0.40% premarket to $9.92. Casper Sleep is down more than 13% over the last month. Casper Sleep isn't due to report earnings until the middle part of May.

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Casper Sleep lands bull rating from Wedbush Securities