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Fly News Breaks for May 7, 2018
THS
May 7, 2018 | 07:14 EDT
SunTrust analyst William Chappell raised his price target on TreeHouse to $40 after its better than expected Q1 results, noting that much of the adjustment in his model comes from a "lower amortization expense following the company's goodwill write down on its Flagstone acquisition". The analyst keeps his Hold rating, citing "continued difficult category dynamics, soft volumes, and margin pressure from increased freight and commodity costs".
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