Benchmark raised the firm’s price target on Freshpet (FRPT) to $93 from $90 and keeps a Buy rating on the shares. After recently attending a sell side analyst event at Freshpet’s Commercial Center of Excellence in New Jersey, the firm says it came away from the event believing Freshpet is “extending its competitive moat rather than seeing it pressured by newer entrants into the fresh dog food category.” The firm is raising its FY26 and FY27 estimates, citing a modest acceleration in volume trends, the analyst added.
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