Stifel lowered the firm’s price target on TreeHouse (THS) to $32 from $41 and keeps a Hold rating on the shares. TreeHouse reported Q3 results with softer than anticipated revenues offset by strong margin expansion, the analyst tells investors. However, the company lowered its 2024 outlook incorporating a softening consumption environment and the impact of the griddle product recall and production plant shutdown and provided preliminary comments for 2025 with top line expectations now flattish, notes the analyst, who remains cautious on the underlying environment for TreeHouse improving in the near term.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on THS:
- TreeHouse renews $400M share repurchase program
- TreeHouse price target lowered to $32 from $39 at Barclays
- TreeHouse Foods Reports Mixed Third Quarter Results
- TreeHouse falls -17.6%
- TreeHouse falls -22.8%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
