UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on TreeHouse Foods
In a report published Wednesday, Jefferies & Company reiterated its Hold rating on TreeHouse Foods (NYSE: THS), and slightly raised its price target from $55.00 to $56.00.
Jefferies noted, “THS missed 3Q12 adj. EPS expectations & lowered the top end of its FY12 guidance by 5¢. Nonetheless mgmt. was bullish for the remainder of the yr & the longer term outlook due to the introduction of private label single serve coffee, timing issues in 3Q12 & apparently a more optimistic M&A outlook. We remain cautious for now due to the declined predictability of THS' business & current lack of visibility for coffee.”
TreeHouse Foods closed on Tuesday at $53.15.
Latest Ratings for THS
|Jan 2016||Credit Suisse||Maintains||Neutral|
|Dec 2015||Jefferies||Initiates Coverage on||Buy|
|Nov 2015||BMO Capital||Downgrades||Outperform||Market Perform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.