Citi analyst Jonmichael Shekian raised the firm’s price target on BellRing Brands to $42 from $34 and keeps a Buy rating on the shares ahead of the company’s fiscal Q2 results. With the company continuing to invest behind innovation and expanding capacity, the analyst remains confident that it is well positioned to drive household penetration in 2023 and beyond.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BRBR:
- BellRing Brands Schedules Second Quarter Fiscal Year 2023 Conference Call
- BellRing Brands price target raised to $39 from $32 at Morgan Stanley
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Truist upgrades BellRing Brands to Buy with removed overhang of Post Holdings
- BellRing Brands upgraded to Buy from Hold at Truist