TreeHouse price target lowered to $39 from $42 at Barclays

Barclays lowered the firm’s price target on TreeHouse to $39 from $42 and keeps an Equal Weight rating on the shares. The analyst says that with private label share above 20% in TreeHouse’s categories, a vastly improved balance sheet and greater focus on areas in which it has more depth and better growth prospects, it is confident the company “has an important place in the packaged food ecosystem.” However, greater consistency is needed to garner more public market support, the analyst tells investors in a research note.