Freshpet price target raised to $170 from $157 at Baird

Baird raised the firm’s price target on Freshpet (FRPT) to $170 from $157 and keeps an Outperform rating on the shares. The firm said they posted another beat-and-raise with the business delivering consistent/visible top-line growth and scale/efficiency gains driving robust margin expansion, the company’s disruptive consumer staple growth story continues to resonate with investors.