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Fly News Breaks for January 16, 2019
FRPT
Jan 16, 2019 | 07:42 EDT
SunTrust analyst William Chappell raised his price target on Freshpet to $45 and kept his Buy rating after his meeting with its management and its ICR conference presentation. The analyst cites the company's "continued solid top-line growth trends, expected gross margin improvement in 2019 driven by manufacturing improvements and pricing, and expected future leverage on ad spend." Chappell also remains positive on Freshpet's position as a "pioneer in the refrigerated pet food market and its faster-than-peer growth".
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