KeyBanc Starts TreeHouse Foods (THS) at Overweight
Get Alerts THS Hot Sheet
Rating Summary:
12 Buy, 10 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Join SI Premium – FREE
KeyBanc initiated coverage on TreeHouse Foods (NYSE: THS) with a Overweight rating and a price target of $110, implying 20% upside. Analyst Brett Andress sees earning strength.
"We view THS as a best-in-class operator within our packaged foods universe and see upside to shares via the realization of significant earnings accretion potential from the recent Private Brands acquisition ($7.00+ in earnings power), backed by market leading exposure to the favorable private label grocery category, a rather benign cost environment that is supportive of margin visibility and recent coffee and FX headwinds that should manifest into tailwinds over the next 12 months. All of this is supported by THS's track record of conservatively managing Street expectations," said Andress.
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 $91.95 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intermediate Capital Group (ICP:LN) (ICGUF) PT Raised to GBP22.50 at Citi
- Community Health (CYH) PT Lowered to $4.50 at Oppenheimer
- Chipotle Mexican Grill (CMG) PT Raised to $3,400 at KeyBanc
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageRelated Entities
KeyBanc, Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!