Citi Reiterates Hold On TreeHouse Foods (THS)

Citi Investment Research is reiterating its Hold rating and $51 price target on shares of TreeHouse Foods, Inc. THS. In a note sent to investors, Citi writes, "Management at TreeHouse continues to see a great deal of opportunity through M&A to expand their business. The company estimates that there are approximately 400 PL businesses with at least $200 mm in annual revenues. This equals plenty of M&A opportunity of TreeHouse to continue to execute its roll-up strategy in shelf stable." Shares of THS lost 12 cents yesterday to close at $49.52.