TreeHouse Foods (THS) stock tumbles on discouraging FQ4 sales and outlook
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Truist Securities Downgrades TreeHouse Foods (THS) to Hold
February 20, 2024 6:02 AM ESTTruist Securities analyst Bill Chappell downgraded TreeHouse Foods (NYSE: THS) from Buy to Hold with a price target of $35.00 (from $45.00).
The analyst comments "We are lowering our rating on THS to Hold from Buy; lowering our estimates following the companys disappointing 2024 guidance provided on Friday (FY24/FY25 sales estimates to $3.454B/$3.512B from $3.664B/$3.783B; FY24/FY25 adjusted EBITDA estimates... More
