Stifel raised the firm’s price target on TreeHouse to $41 from $36 and keeps a Hold rating on the shares after the company reported a “solid second quarter,” reaffirmed its 2024 revenue outlook and narrowed its EBITDA guidance, lowering the high-end by $10M. The firm’s raised target reflects an 8-times multiple using its 2025 estimates, the analyst tells investors.
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