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Janney Calls TreeHouse Likelier Takeover Target Amid Ralcorp Deal

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TreeHouse (NYSE: THS) shares are outperforming the broader equities market following news of a $4.95 billion deal between Con-Agra (NYSE: CAG) and Ralcorp (NYSE: RAH). Investors may be considering TreeHouse as another takeover candidate following the deal.

Janney Capital's Jonathan Feeney highlighted just this sentiment in a research note from this morning. The analyst sees "excellent long-term strategic rationale" related to Con-Agra's bid, and noted the $100 billion-plus private label food sector remains "highly" fragmented.

Investors may also want to keep an eye on Diamond Foods on the heels of this deal.

Latest Ratings for THS

DateFirmActionFromTo
Dec 2014Sterne AgeeInitiates Coverage onBuy
Dec 2014BMO CapitalUpgradesMarket PerformOutperform
Nov 2014JP MorganMaintainsNeutral

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