Barclays lowered the firm’s price target on TreeHouse (THS) to $32 from $39 and keeps an Equal Weight rating on the shares. With “consistently disappointing” sales, TreeHouse will now “take pressure off growth capital” and focus on margin and cash flow in ways less dependent on weakening consumer trends, the analyst tells investors in a research note.
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Read More on THS:
- TreeHouse Foods Reports Mixed Third Quarter Results
- TreeHouse falls -17.6%
- TreeHouse falls -22.8%
- TreeHouse falls -17.1%
- TreeHouse lowers FY24 revenue view to $3.37B-$3.4B from $3.43B-$3.5B
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