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Fly News Breaks for November 6, 2018
FRPT
Nov 6, 2018 | 11:20 EDT
Imperial Capital analyst George Kelly raised his price target for Freshpet to $35 and keeps an In-Line rating on the shares following the company's "mixed" Q3 results. While demand trends remain favorable, the sequential margin outlook is somewhat uncertain due to expanded production and staffing, Kelly tells investors in a post-earnings research note. He believes Freshpet shares will remain range-bound until sequential margin trends firm.
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