Benchmark lowered the firm’s price target on Freshpet (FRPT) to $140 from $195 and keeps a Buy rating on the shares. Ahead of earnings, the firm is lowering its estimates and price target due to near-term consumer related pressures on volume growth as well as a 200 to 300 basis points of transitory revenue headwinds in the Pet Specialty channel, the analyst tells investors in a preview.
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