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.
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TreeHouse Foods upgraded at SunTrust As noted earlier, SunTrust upgraded TreeHouse Foods to Buy from Neutral. The firm thinks the company's organic growth is poised to accelerate for the first time in years, partly due to a rebound of core North American grocers and the company's improved product offerings. Target to $95 from $75.