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Will Freshpet's Stock Reach $86?

TheMotleyFool

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Freshpet (NASDAQ: FRPT), which manufactures and markets fresh pet food and treats, has received a buy rating from new coverage by Jefferies analyst Ashley Helgans. Helgans has a price target of $86 on the stock, a 23% gain from the stock's current price.

The analyst wrote that Freshpet has a "best in class business model" with a first-mover advantage over competitors. The company has spread its refrigerator network into retailers, which won't likely accommodate space for multiple pet brands, says Helgans.

Source Fool.com

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