Freshpet price target lowered to $80 from $82 at Cowen

Cowen analyst Brian Holland lowered the firm’s price target on Freshpet to $80 from $82 and keeps an Outperform rating on the shares. The analyst believes the stock could remain rangebound over the next 3-6 months while FY23E resets, volume stabilizes, gross margin pressures abate, and balance sheet clarity is provided.