Janney Calls TreeHouse Likelier Takeover Target Amid Ralcorp Deal
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
|Feb 2016||JP Morgan||Assumes||Overweight|
|Jan 2016||Credit Suisse||Maintains||Neutral|
|Dec 2015||Jefferies||Initiates Coverage on||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.