Freshpet price target raised to $165 from $155 at Stifel

Stifel raised the firm’s price target on Freshpet (FRPT) to $165 from $155 and keeps a Buy rating on the shares. The firm lifts its 2024-2027 sales and adjusted EBITDA estimates following the sales and adjusted EBITDA beat and raise in Q3. The firm continues to think Freshpet can gain meaningful incremental new fridge placements and shelf-space over the next several years, the analyst tells investors in a post-earnings note.