As previously reported, Truist downgraded Freshpet (FRPT) to Hold from Buy with a price target of $80, down from $90. Based on the firm’s survey results and other data collected, it believes the pet food and products categories will post tepid to no growth for at least the rest of 2025 due to the continued reversion of pet ownership in the U.S. post-COVID, the analyst tells investors. The firm does not expect the valuations to improve until the respective categories return to volume growth, the analyst added.
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Read More on FRPT:
- Freshpet downgraded to Hold from Buy at Truist
- Freshpet price target lowered to $90 from $110 at Truist
- Freshpet price target lowered to $125 from $157 at Baird
- Freshpet price target lowered to $140 from $195 at Benchmark
- Freshpet’s Strong Market Position and Growth Potential Justify Buy Rating Amid Short-Term Challenges
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