BellRing Brands price target raised to $75 from $61 at Stephens

Stephens analyst Jim Salera raised the firm’s price target on BellRing Brands (BRBR) to $75 from $61 and keeps an Equal Weight rating on the shares, stating that the company “capped off what was an exceptionally strong fiscal 2024 with yet another beat.” Consumers turning away from brands that have traditionally been associated with “diets”/”dieting,” along with an advantaged capacity position, should support continued market share gains, but the firm believes BellRing’s current premium valuation already accounts for its favorable position, the analyst tells investors.