TD Cowen lowered the firm’s price target on Freshpet (FRPT) to $60 from $61 and keeps a Hold rating on the shares. The firm noted the stock rallied despite guiding 2026 EBITDA below consensus. Cowen said they understand investors’ growing enthusiasm for the business given a potential inflection in retail growth trends, burgeoning omni-channel development, manufacturing advancements, and sales guidance of 7-10% that looks conservative.
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