BofA lowered the firm’s price target on Freshpet (FRPT) to $75 from $80 and keeps a Neutral rating on the shares. Freshpet expects Q1 to see the strongest net sales growth in the year as it laps prior year disruptions from changes in distribution, notes the analyst, who adds that scanner trends for the 12-weeks ending March 21 point to the high end of its fiscal year 7%-10% range. The firm cites multiple contraction across peers for its lowered target.
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