TD Cowen analyst Robert Moskow raised the firm’s price target on Freshpet to $84 from $80 and keeps an Outperform rating on the shares. The firm said they reported a strong 3Q and raised full year guidance with sales and EBITDA well ahead of consensus, which they attributed to growth in their heavy-user base and strong performance in unmeasured channels. Input, quality, and logistics costs improved significantly as capacity ramped and operational improvements began to materialize.
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