TreeHouse Foods (THS) Plunges 8.52% on Jefferies Price Cut
1min read TreeHouse Foods (THS) shares plummeted 8.52% intraday, marking the lowest level since December 2008. The stock has been on a downward spiral for three consecutive days, with a cumulative decline of 15.41% over the past three days.
Jefferies Financial Group recently adjusted their target price for treehouse foods, lowering it from $37.00 to $31.00 and maintaining a "hold" rating. This revision could dampen investor enthusiasm and contribute to the recent decline in the stock price.
Despite missing Q4 earnings estimates, TreeHouse Foods' stock experienced an unexpected rise. This counterintuitive movement suggests that investors may be focusing on other positive factors or future growth prospects, potentially offsetting the immediate impact of the earnings miss.
