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Fly News Breaks for September 11, 2015
TGT, FRPT
Sep 11, 2015 | 08:44 EDT
SunTrust cut its price target on Freshpet (FRPT) after the company said that the number of Freshpet Fridge locations would be at the low end of its previous guidance due to order delays by one major customer. SunTrust believes that Target (TGT) delayed its orders due to its reorganization. SunTrust continues to believe that Freshpet will benefit from several positive catalysts, including "substantial distribution opportunities" and its new products. SunTrust keeps a Buy rating on the shares.
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