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Fly News Breaks for August 6, 2019
FRPT
Aug 6, 2019 | 08:21 EDT
SunTrust analyst William Chappell lowered his price target on Freshpet to $45 and kept his Hold rating after its "mixed" Q2 results with an earnings miss and a revenue beat. The analyst notes that the stock should trade lower today as volatility of Q2 comes at an "inopportune time" following the recent equity holdings. Chappell adds that his neutral stance is warranted by the stock's valuation of 5-times his expected FY20 sales.
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