BellRing Brands price target raised to $82 from $75 at BofA

BofA raised the firm’s price target on BellRing Brands (BRBR) to $82 from $75 and keeps a Buy rating on the shares. The firm is raising estimates following a “solid 4Q beat and FY25 outlook,” the analyst tells investors. The firm argues its raised 37-times multiple it applies to its calendar 2025 EPS estimate is “justified” as BellRing is poised for future growth given its strength in consumer interest.