Mizuho Securities analyst John Baumgartner maintains $Treehouse Foods (THS.US)$ with a hold rating, and adjusts the target price from $37 to $40.
According to TipRanks data, the analyst has a success rate of 61.7% and a total average return of 11.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Treehouse Foods (THS.US)$'s main analysts recently are as follows:
TreeHouse has been experiencing 'consistently disappointing' sales, leading to a new focus on margin and cash flow that is less reliant on the fluctuating consumer trends.
TreeHouse's Q3 results were marked by weaker-than-expected revenues, although this was balanced by a notable increase in margins. The company has revised its 2024 forecast, taking into account a less robust consumption climate, consequences from the griddle product recall, and the halt in production at one of its facilities. Preliminary insights for 2025 suggest that revenue projections are expected to be relatively unchanged. There is a lingering apprehension regarding the immediate improvement of TreeHouse's fundamental market conditions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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