BellRing Brands price target raised to $85 from $79 at Barclays

Barclays analyst Andrew Lazar raised the firm’s price target on BellRing Brands (BRBR) to $85 from $79 and keeps an Overweight rating on the shares. The firm continues to believe shares have a “sweet journey” ahead, with the company having a lengthy runway of incremental growth opportunity, predicated on both gaining a fair share of shelf and convenient nutrition category trends. From a profitability perspective, the analyst also called out that even with Whey protein costs now expected to stay higher for longer, BellRing still raised its FY25 EBITDA outlook by $10M at the midpoint, and even hinted at Q2 EBITDA that exceeds current consensus estimates.