Jefferies lowered the firm’s price target on TreeHouse (THS) to $31 from $37 and keeps a Hold rating on the shares. The firm, which is updating forecasts and valuations based on recent results, tracked trends, and input costs, lowered forecasts for TreeHouse, Flowers Foods (FLO), and J & J Snack Foods (JJSF), which it says are “all lower-margin businesses struggling currently to drive organic profit growth given the competitive backdrop.”
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Read More on THS:
- TreeHouse Foods Faces Operational Challenges and Modest Growth Outlook Leading to Hold Rating
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