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Wells Fargo Sticks to Its Buy Rating for Freshpet (FRPT)

Tipranks - Tipranks - Wed Jan 14, 5:52AM CST

In a report released today, Marc Torrente from Wells Fargo maintained a Buy rating on Freshpet, with a price target of $70.00.

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Torrente covers the Consumer Defensive sector, focusing on stocks such as MGP Ingredients, Post Holdings, and Freshpet. According to TipRanks, Torrente has an average return of -19.7% and a 19.51% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freshpet with a $68.11 average price target.

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Based on Freshpet’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $288.85 million and a net profit of $101.66 million. In comparison, last year the company earned a revenue of $253.37 million and had a net profit of $11.9 million

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