Stifel analyst Matthew Smith raised the firm’s price target on TreeHouse to $56 from $53 and keeps a Hold rating on the shares. At the company’s investor meeting, TreeHouse highlighted the “favorable environment” for private label foods and its progress to becoming a focused category leader, the analyst tells investors. Stifel has a more positive view for the company’s shares, reflecting the improvement in its supply chain and the earnings growth potential.
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Published first on TheFly
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