KeyBanc Upgrades TreeHouse Foods (THS) to Sector Weight

KeyBanc upgraded TreeHouse Foods (NYSE: THS) from Underweight to Sector Weight. Shares of TreeHouse declined after the company reported Q1 results and guidance. Analyst Akshay S. Jagdale said his thesis played out.

"Recall our UW thesis was driven by our view that THS was likely to lose significant share in its single-serve beverages business, which we had estimated could result in DD EPS downside in 2015. Since our downgrade, taking into account today’s 10% EPS guide down related to lower SS earnings, estimates will have come down by ~20% and the stock is very close to our price target. We think valuation fairly reflects this further earnings downside risk, as such we are upgrading THS to Sector Weight," said Jagdale.

For an analyst ratings summary and ratings history on TreeHouse Foods click here. For more ratings news on TreeHouse Foods click here.

Shares of TreeHouse Foods closed at $82.09 yesterday.

You May Also Be Interested In

• Northwest Bancshares, Inc. (NWBI) PT Lowered to $10 at Piper Sandler
• Dixon Technologies India Ltd (DIXON:IN) PT Raised to INR8,800 at HSBC
• Adriatic Metals PLC (ADT1:LN) PT Raised to GBP2.75 at Stifel