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Stock impact report

Why Investors Thought Freshpet Stock Was a bad boy Today [Yahoo! Finance]

Freshpet, Inc. (FRPT) 
Last freshpet, inc. earnings: 2/25 06:05 am Check Earnings Report
Company Research Source: Yahoo! Finance
On the back of an analyst's price-target cut, the next-generation pet care specialist's stock closed the day nearly 3% lower. By contrast, the bellwether S&P 500 index essentially traded sideways. Before market open that day, Piper Sandler prognosticator Michael Lavery reduced his fair value assessment on Freshpet to $145 per share. That was down from his previous price target of $160. Lavery left his recommendation intact, however, which was good news for company bulls as this is and was overweight (buy, in other words). At the current share price, this new level anticipates 68% potential upside for Freshpet. According to reports, Lavery wrote that his move was based on the slowing revenue growth the company has demonstrated in recent weeks. He attributed this mainly to softened spending by lower- and middle-income customers; unfortunately, in his view, this should persist over the proximate future. On a brighter note, he added that higher-income consumers continue to spend. Show less Read more
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