BellRing Brands price target raised to $39 from $32 at Morgan Stanley

Morgan Stanley analyst Pamela Kaufman raised the firm’s price target on BellRing Brands to $39 from $32 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the packaged food group. The firm see above-consensus Q1 EPS and stable 2023 fundamentals across the group, adding that it prefer companies with "strong topline growth prospects as pricing benefits wane."