BMO Capital analyst Amit Sharma upgraded TreeHouse Foods to Outperform from Market Perform and raised his price target for the shares to $65 from $60. The Snacks business divestiture removes the "final hurdle" in TreeHouse's transition into a smaller but better-managed "operating" company, Sharma tells investors in a research note. He expects improved earnings visibility/predictability, greater control over pricing/margins, and a more efficient manufacturing/operating footprint. Further, the analyst believes the company's transition is not yet reflected in its shares.