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Fly News Breaks for July 30, 2019
FRPT
Jul 30, 2019 | 06:28 EDT
JPMorgan analyst James Allen started Freshpet with a Neutral rating and $46 price target. The analyst sees a number of "favorable dynamics" for Freshpet, including continued distribution expansion, increased consumer spending on pets, margin expansion, and the potential for a takeout. However, he believes consensus estimates could be aggressive and sees potential for increasing competition.
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