BellRing Brands price target raised to $29 from $28 at Morgan Stanley

Morgan Stanley analyst Pamela Kaufman raised the firm’s price target on BellRing Brands to $29 from $28 and keeps an Overweight rating on the shares. Supported by continued defensive market positioning and relatively stable fundamentals, she sees packaged food stocks sustaining their relative outperformance in 2023, Kaufman tells investors.