Freshpet price target lowered to $47 from $65 at UBS

UBS lowered the firm’s price target on Freshpet (FRPT) to $47 from $65 and keeps a Sell rating on the shares. Further deceleration in top-line trends are likely to continue to weigh on the stock, the analyst tells investors in a research note. UBS sees the catalyst path as little-changed vs. earlier this Summer.