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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Read More on FRPT:
- Freshpet’s Strong Market Position and Growth Potential Justify Buy Rating Amid Short-Term Challenges
- Freshpet price target lowered to $87 from $135 at BofA
- Freshpet price target lowered to $110 from $140 at Truist
- Freshpet price target lowered to $115 from $141 at TD Cowen
- Freshpet price target lowered to $145 from $160 at Piper Sandler
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