Freshpet price target lowered to $145 from $160 at Piper Sandler

Piper Sandler analyst Michael Lavery lowered the firm’s price target on Freshpet (FRPT) to $145 from $160 and keeps an Overweight rating on the shares. The firm notes the company’s revenue growth has slowed in recent weeks, driven by notably slower growth with lower- and middle-income consumers, which it expects to persist near-term.