JPMorgan Downgrades TreeHouse Foods (THS) to Neutral
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Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 3 | Down: 31 | New: 1
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JPMorgan analyst Ken Goldman downgraded TreeHouse Foods (NYSE: THS) from Overweight to Neutral with a price target of $46.00 (from $47.00).
The analyst comments "We have a Neutral rating on the THS shares. We believe the risk/reward is balanced right now, with questionable
fundamentals balanced by a low valuation multiple. We have a hard time seeing THS meaningfully outperform as long as the economy is in recovery mode and private label is losing share. We have a December 2021 price target of $46."
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 $43.07 yesterday.
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