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.
Citi says Hershey, TreeHouse, Mead still top picks in Food After meeting with ten U.S. Food Manufacturers, Citigroup says Hershey (HSY), TreeHouse (THS) and Mead Johnson (MJN) remain its top picks in the space. Citi favors domestic companies, but says the consumer environment for food remains difficult with volume growth "hard to come by" in the U.S. The firm believes the expected uptick in U.S. food growth is failing to materialize.