TreeHouse price target raised to $40 from $37 at Mizuho

Mizuho analyst John Baumgartner raised the firm’s price target on TreeHouse to $40 from $37 and keeps a Neutral rating on the shares. In August, financial conditions among low-income households remained net negative and comparable to April, but material erosion emerged among the $50,000-$100,000 cohort, the analyst tells investors in a research note. The firm says risks have also likely risen for higher income consumers from stock market volatility and election season uncertainty. A median 36% of survey respondents plan to increase purchases of store brands, which is positive for TreeHouse, adds Miuzho.