BellRing Brands price target raised to $90 from $83 at Citi

Citi analyst Thomas Palmer raised the firm’s price target on BellRing Brands (BRBR) to $90 from $83 and keeps a Buy rating on the shares ahead of the fiscal Q1 report on February 3. The firm models EBITDA above consensus for both Q1 and fiscal 2025. While expectations seems high, a Q1 beat and positive comments about the rest of fiscal 2025 could drive upside in the shares, especially given more mixed takeaway trends at the onset of Q2, the analyst tells investors in a research note.