BofA lowered the firm’s price target on Freshpet (FRPT) to $87 from $135 and keeps a Buy rating on the shares. The firm lowered its price target based on a downward revision to the target FY26 EBITDA multiple to account for the rebase to topline growth from high-20s to mid-teens, but argues that the stock still warrants a reiterated Buy rating given sustained volume-driven growth.
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Read More on FRPT:
- Freshpet price target lowered to $110 from $140 at Truist
- Freshpet price target lowered to $115 from $141 at TD Cowen
- Freshpet price target lowered to $145 from $160 at Piper Sandler
- Freshpet director buys $155K shares in common stock
- Spotify upgraded, Freshpet downgraded: Wall Street’s top analyst calls
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