Freshpet price target raised to $90 from $80 at Benchmark

Benchmark analyst Todd Brooks raised the firm’s price target on Freshpet (FRPT) to $90 from $80 and keeps a Buy rating on the shares. Q4 results reflect stabilization of the model that “displays a continuing ‘growth at a slower pace’ reality for the Freshpet brand and the broader pet food category,” the analyst tells investors. The firm continues to highlight 8%-10% topline growth in a challenging consumer environment and the ability to continue to improve margins.