- Credit Suisse lowers its 2018 EBITDA estimate on TreeHouse Foods (THS -2.1%) to $622M vs. $643M consensyus.
- The firm cites freight inflation and an additional cost for plastic packaging in its revision.
- "We are keeping our 2018 EPS at $2.62 to incorporate a lower tax rate (down 5% to 22%) and lowering 2019 to $2.95 from $3.00. Disappointing outlooks from Hain, Clorox, and Colgate increases our conviction that the Street has not fully incorporated the inflationary cost environment into its expectations," reads the analyst note.
- CS has a Neutral rating and $48 price target on TreeHouse.