Citigroup Initiates Coverage On Freshpet with Neutral Rating, Announces Price Target of $94
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer initiates coverage on Freshpet (NASDAQ:FRPT) with a Neutral rating and sets a price target of $94.
February 01, 2024 | 11:21 am
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NEUTRAL IMPACT
Citigroup initiated coverage on Freshpet with a Neutral rating and a price target of $94.
The initiation of coverage by Citigroup with a Neutral rating and a specific price target provides investors with a new professional analysis to consider. However, the Neutral rating suggests that Citigroup does not see significant short-term upside or downside, which is why the impact score is neutral. The importance is rated high due to the influence of analyst ratings on investor sentiment, but not at the maximum because the rating is Neutral, not Buy or Sell. The confidence level is high due to the clear stance and price target provided by a reputable analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100