Deutsche Bank downgraded Freshpet (FRPT) to Hold from Buy with an unchanged price target of $62 as part of its 2026 outlook for the consumer packaged goods sector. The analyst is taking a “wait-and-see” approach on the sector’s “volatile SMID cap coverage,” which prompts the downgrade of Freshpet. The firm believes the consumer staples sector faces a challenging setup over the year ahead. In this backdrop, Deutsche recommends “fundamental quality and simplicity.” It remains most constructive on non-alcoholic beverages and personal care.
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