Freshpet price target lowered to $101 from $105 at DA Davidson

DA Davidson analyst Brian Holland lowered the firm’s price target on Freshpet (FRPT) to $101 from $105 but keeps a Buy rating on the shares. The market does not appear to be rewarding Freshpet for withdrawing its FY27 net sales target, the analyst tells investors in a research note. The management held to its margin & free cash flow projections through the cycle however, the firm adds, noting that at current levels, the stock is pricing in closer to mid single digit top line growth, implying favorable risk-reward.