Truist lowered the firm’s price target on Freshpet (FRPT) to $70 from $80 and keeps a Hold rating on the shares. The firm is updating its model following the company’s Q2 results, the analyst tells investors in a research note. Truist also maintains that the company’s valuation will remain depressed until growth returns to the overall pet category.
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Read More on FRPT:
- Freshpet price target lowered to $95 from $120 at Benchmark
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