TreeHouse Foods upgraded to Neutral from Underperform at Credit Suisse Credit Suisse upgraded TreeHouse Foods due to improving execution, single serve coffee business growth, and improved M&A prospects. Price target raised to $70 from $67.
TreeHouse Foods downgraded at KeyBanc As previously reported, KeyBanc downgraded TreeHouse Foods (THS) to Underweight from Hold. The firm's checks indicate TreeHouse is losing shares within the private label single-serve beverage category to Keurig Green Mountain (GMCR). KeyBanc expects share losses to be more evident as "Keurig Brewed" private label product becomes more available at key retailers and partnerships are announced. The analyst lowered TreeHouse's FY15 EPS estimate to $4.08 from $4.24, vs. consensus of $4.30.