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Barchart
Will Ashworth

Target Price Downgrade Pushes Freshpet to 52-Week Low: Buy Opportunity or More Downside?

Freshpet United States TD Cowen Robert Moskow General Mills

Pet food manufacturer Freshpet (FRPT) hit a new 52-week low on Tuesday. It was the stock's 39th 52-week low of the past 12 months. 

On Monday, TD Cowen analyst Robert Moskow lowered his price target for the stock by 13% from $72 to $63. While that’s still above where it’s currently trading, it’s a big comedown from the previous target. Moskow’s concerns revolve around slowing growth and increased competition. 

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