TreeHouse price target lowered to $42 from $47 at Stifel

Stifel lowered the firm’s price target on TreeHouse to $42 from $47 and keeps a Hold rating on the shares after the company reported “mixed” Q3 results and lowered its 2023 revenue guidance. The firm believes the current valuation is “fair,” balancing the growth potential of the improved portfolio and the optionality provided by the balance sheet against the volatility inherent in TreeHouse’s business, the analyst tells investors.