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Fly News Breaks for October 22, 2019
FRPT
Oct 22, 2019 | 07:39 EDT
JPMorgan analyst Ken Goldman upgraded Freshpet to Overweight from Neutral with a price target of $58, up from $46. The company's strategy, relative lack of competition, business model, and momentum justify increases in revenue and EBITDA estimates, Goldman tells investors in a research note. Though competition is expanding a bit, Freshpet has the biggest "moat" of any company we cover, adds the analyst.
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