Janney Calls TreeHouse Likelier Takeover Target Amid Ralcorp Deal

TreeHouse

shares are outperforming the broader equities market following news of a $4.95 billion deal between Con-Agra

and Ralcorp

. 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.