TD Cowen lowered the firm’s price target on TreeHouse (THS) to $27 from $32 and keeps a Hold rating on the shares. The firm noted as part of the cost saving plan they signaled on their 4Q call, TreeHouse announced details of organizational restructuring to consolidate corporate functions and eliminate 150 roles. They also preannounced 1Q25 and reaffirmed their FY25 guidance. 1Q sales are now expected to be at the midpoint of their guidance range and EBITDA is expected to be above.
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