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Stock Market & Financial Investment News

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July 1, 2014
07:36 EDTTHSTreeHouse 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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