Mizuho lowered the firm’s price target on TreeHouse (THS) to $34 from $50 and keeps a Neutral rating on the shares. Following a “generally lackluster” Q3 earnings season for the food producers, characterized by value-seeking consumers, varied degrees of market share pressure from private label, and now concerns over “Make America Healthy Again” related disruptions to ingredients and regulations for processed food, Mizuho expect sentiment for the group will remain muted into Q4 earnings, the analyst tells investors in a research note.
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Read More on THS:
- Morning Movers: Intel climbs following retirement of CEO Pat Gelsinger
- TreeHouse Foods Acquires Harris Freeman’s Tea Business
- TreeHouse backs FY24 revenue view $3.37B-$3.4B, consensus $3.37B
- TreeHouse to acquire Harris Tea for $205M
- TreeHouse downgraded to Equal Weight from Overweight at Consumer Edge
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
