Wells Fargo Starts TreeHouse Foods (THS) at Outperform; Budding Growth Story
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Price: $24.43 --0%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on TreeHouse Foods (NYSE: THS) with an Outperform. PT range $59-$61.
Wells analyst says, "We believe TreeHouse’s current valuation does not fully reflect the company’s earnings power as THS capitalizes on the secular growth in private label food sales, gains share within the private label food industry, and continues to make accretive acquisitions. We expect EPS estimates and THS’s multiples to increase as the company delivers superior sales and earnings growth relative to the branded packaged food group over the next several years."
"We forecast 2012 EPS of $3.50 vs. the $3.38 consensus, driven by tailwinds from pricing, volumes, and mix in H1 2012E."
For more ratings news on TreeHouse Foods click here and for the rating history of TreeHouse Foods click here.
Shares of TreeHouse Foods closed at $52.20 yesterday.
Wells analyst says, "We believe TreeHouse’s current valuation does not fully reflect the company’s earnings power as THS capitalizes on the secular growth in private label food sales, gains share within the private label food industry, and continues to make accretive acquisitions. We expect EPS estimates and THS’s multiples to increase as the company delivers superior sales and earnings growth relative to the branded packaged food group over the next several years."
"We forecast 2012 EPS of $3.50 vs. the $3.38 consensus, driven by tailwinds from pricing, volumes, and mix in H1 2012E."
For more ratings news on TreeHouse Foods click here and for the rating history of TreeHouse Foods click here.
Shares of TreeHouse Foods closed at $52.20 yesterday.
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