Credit Suisse Downgrades Freshpet (FRPT) to Neutral

Credit Suisse downgraded Freshpet (NASDAQ: FRPT) from Outperform to Neutral with a price target of $9.00 (from $19.00).

Analyst R. Moskow commented, "We are downgrading Freshpet stock to Neutral and lowering our target price to $9/share. The 3Q sales results were essentially in line with our intra-quarter forecast reduction, but gross margin and EBITDA missed badly. Management also reduced its forecast for 4Q, which implies a weaker 2016 than we expected."

For an analyst ratings summary and ratings history on Freshpet click here. For more ratings news on Freshpet click here.

Shares of Freshpet closed at $8.37 yesterday.

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