Freshpet price target raised to $115 from $95 at Stifel

Stifel raised the firm’s price target on Freshpet to $115 from $95 and keeps a Buy rating on the shares. The company’s Q4 results were strong and its FY24 guidance was modestly ahead of consensus, the analyst tells investors. FY24 guidance was reasonable, if not conservative, resulting from expanding household penetration and brand awareness, the firm adds.