Fly News Breaks for December 2, 2019
Dec 2, 2019 | 07:30 EDT
William Blair analyst Jon Andersen upgraded TreeHouse Foods to Outperform from Market Perform without a price target. Private brands puts TreeHouse into a "large industry with ample runway for growth," Andersen tells investors in a research note. Further, the company has "focused and simplified" its portfolio while making "good strides" with its enterprise strategy, which should bring more consistent financial results in 2020, adds the analyst. As such, he believes the stock's risk/reward looks attractive at current levels.
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