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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