Tempur Sealy Drops as Cyberattack Seen Raising Earnings Risk

(Updates share-price move in first bullet; adds analyst commentary and details on recommendations.)

• Tempur Sealy falls as much as 6.2%, the most intraday in nearly nine months, after the mattress company said its IT systems suffered a cyberattack last week.
• “The company has begun the process to bring certain of its critical IT systems back online and has resumed operations,” the company said in a filing
  • After discovering the July 23 attack, management proactively shut down some of the company’s IT systems, resulting in the temporary interruption of Tempur’s operations
• “Based on checks this morning, we believe this may have ...