BellRing Brands initiated with a Neutral at UBS

UBS analyst Peter Grom initiated coverage of BellRing Brands (BRBR) with a Neutral rating and $81 price target implying 8% upside from current levels. While BellRing is positioned to deliver double-digit organic sales growth driven by continued category momentum, strong innovation, and benefits from increased capacity, this narrative is well understood and reflected already in consensus estimates, the analyst tells investors in a research note. UBS views the risk/reward as balanced.