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Fly News Breaks for May 8, 2015
THS
May 8, 2015 | 06:38 EDT
Citigroup reiterates a Buy rating on TreeHouse following yesterday's 11% pullback. Despite the company's lowered outlook, Cit believes TreeHouse can be a double-digit earnings growth company. The firm expects the issues in K-cups will improve at least by Q4 and says management is ready for more accretive M&A in snacks. The firm lowered its price target for shares to $86 from $95.
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