TreeHouse price target lowered to $45 from $55 at Truist

Truist lowered the firm’s price target on TreeHouse to $45 from $55 but keeps a Buy rating on the shares. The company’s Q3 results were “disappointing” from multiple aspects as Consumer demand has not picked up to the level the firm would have expected in light of high inflation over the past two years, the analyst tells investors in a research note, adding that Truist also had hoped that the operational challenges would have dissipated after vastly simplifying the organization over the past few years. The firm adds however that it is encouraged that the company will still meet its profit targets for the year and that, with the Seller’s note paid, the valuation of the stock is “more attractive”.