Stifel upgraded TreeHouse Foods (THS) on Wednesday, November 12, 2014 from “Hold” to “Buy” and issued a $90 price target for the stock. The price target set for TreeHouse Foods represents a possible 11% up-side to the stock.
It’s not surprising we’re starting to see all the ancillary plays to falling oil begin to get upgrades. We knew we’d be seeing some airlines and retailers, but with this upgrade it suggests that we also think people will be spending more money at the grocery stores as well.
TreeHouse manufactures private-label foods for grocery stores – in other words store brands which makes it a relatively safe play here.
— US Stock Ratings (@usratings) November 12, 2014
More About TreeHouse Foods
TreeHouse Foods, Inc. (TreeHouse), is a food manufacturer servicing the retail grocery and food service distribution channels. The Company’s products include non-dairy powdered creamers, private label canned soups, salad dressings and sauces, powdered drink mixes, hot cereals, macaroni and cheese, skillet dinners, Mexican sauces, jams and pie fillings, pickles and related products, aseptic sauces, refrigerated salad dressings, and liquid non-dairy creamer. The Company manufactures and sells private label products to retailers, such as supermarkets and mass merchandisers, for resale under the retailers’ own or controlled labels; private label and branded products to the food service industry.