Freshpet price target lowered to $102 from $154 at JPMorgan

JPMorgan analyst Ken Goldman lowered the firm’s price target on Freshpet (FRPT) to $102 from $154 and keeps a Neutral rating on the shares. While it is “perhaps tempting to become more optimistic at the stock’s current price” for investors with longer horizons, the firm doesn’t yet see the company as “out of the woods” when it comes to consumption trends and wonders if Street estimates for both Q1 and the next couple years “might be slightly optimistic,” the analyst tells investors following a deep dive analysis.