Freshpet price target raised to $185 from $150 at Benchmark

Benchmark raised the firm’s price target on Freshpet (FRPT) to $185 from $150 and keeps a Buy rating on the shares after management increased guidance for 2024 sales and adjusted EBITDA following a Q3 beat. Management continues to execute the business at a high level with strong sales and solid margin improvement, the analyst tells investors.