Information Provided By: 
Fly News Breaks for November 4, 2016
THS
Nov 4, 2016 | 08:10 EDT
As previously reported, BofA/Merrill downgraded TreeHouse two notches to Underperform from Buy and lowered its price target to $67 from $110. Analyst Evan Morris sees increased uncertainty in the operating outlook given underlying execution issues related to the Private Brands acquisition and the resignation of President Chris Silva, who was expected to become the next CEO. Morris said TreeHouse no longer deserves a premium valuation given the lack of visibility, additional earnings risk, and near-term M&A as a potential catalyst.
News For THS From the Last 2 Days
There are no results for your query THS
