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Fly News Breaks for July 9, 2019
THS
Jul 9, 2019 | 09:11 EDT
William Blair analyst Jon Andersen says that while the sale proceeds of TreeHouse Foods's snacks unit are below initial expectations, he views the sale as an incremental positive. The deal allows TreeHouse to focus on categories, customers, and items where it has a stronger underlying capability set and better prospects for sustainable profitable growth, Andersen tells investors in a research note. He keeps a Market Perform rating on the shares.
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