Morgan Stanley analyst Pamela Kaufman raised the firm’s price target on BellRing Brands to $65 from $61 and keeps an Overweight rating on the shares after having recently hosted the company’s President and CEO, CFO and head of Investor Relations for investor meetings. Following the meetings, the firm raised its target and says it views BellRing as “a unique asset in the space where top-line growth is increasingly scarce,” which warrants a premium multiple.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BRBR:
- BellRing Brands Announces New Share Repurchase Authorization of $300 Million
- BellRing Brands authorizes new $300M share repurchase
- UTZ, CELH, BRBR: Which High-Growth Food/Drink Stock Is Best?
- GLP-1 users’ grocery spending declines 6%-9% after starting, says Morgan Stanley
- BRBR, COCO, OTLY: 3 High-Growth Beverage Stocks Analysts Love
Questions or Comments about the article? Write to editor@tipranks.com