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Fly News Breaks for August 3, 2018
THS
Aug 3, 2018 | 06:45 EDT
JPMorgan analyst Ken Goldman upgraded TreeHouse Foods to Neutral from Underweight and raised his price target for the shares to $49 from $38. The analyst says that while he has limited visibility into TreeHouse's near- and longer-term fundamentals, he now sees the potential for upside and downside surprises as "fairly balanced." New management has "clearly righted the ship" and is probably being conservative on guidance, Goldman tells investors in a research note.
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