Freshpet dives on BofA rating and price cuts; keeps FY outlook unchanged

Freshpet

08/10/2025 13:18

** Shares in Freshpet FRPT.O down 3.5% at $51.01 in premarket trading

** BofA Global Research cuts stock's rating to "neutral" from "buy", price objective to $60 from $81

** Brokerage cuts Q3 net sales growth estimate, expects FRPT to log annual net sales growth at lower end of guided range

** Co maintains annual outlook after bell on Tuesday, announced CFO Todd Cunfer's move to Campbell's Co CPB.O

** Names Ivan Garcia as interim finance boss

** Seventeen brokerages on average rate the stock "buy"; their median PT is $89 - LSEG data

** Stock down ~64% so far this year vs ~18% gain on Nasdaq .IXIC

 (Reporting by Prerna Bedi in Bengaluru)

 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))