TreeHouse Foods price target raised to $91-$93 from $83-$85 at Wells Fargo Wells Fargo increased its price target on TreeHouse Foods after the company announced that it would acquire healthy snacks manufacturer Flagstone Foods. The firm thinks that the multiple for the deal was rich, but it believes that TreeHouse can increase Flagstone's sales of trail mix/dried fruit and value-added nuts. The firm keeps an Outperform rating on TreeHouse Foods.
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.