Truist analyst Bill Chappell raised the firm’s price target on BellRing Brands (BRBR) to $75 from $60 and keeps a Hold rating on the shares. The firm is updating its model after the company’s Q4 earnings beat and above-consensus guidance, also noting that BellRing should benefit from an uptick in healthy living and convenient nutrition trends that has taken place over the past several years, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRBR:
- BellRing Brands price target raised to $78 from $70 at Evercore ISI
- BellRing Brands price target raised to $82 from $75 at BofA
- BellRing Brands price target raised to $77 from $73 at Deutsche Bank
- BellRing Brands price target raised to $81 from $67 at Stifel
- BellRing Brands Sees Strong Growth in 2024