Stifel raised the firm’s price target on BellRing Brands to $48 from $42 and keeps a Buy rating on the shares. Food stocks remain under pressure in 2023, with another quarter of underperformance compared to the S&P 500, the analyst tells investors. Stifel is Neutral on the overall Food group, citing current valuations, pressures of weak volumes, and concerns regarding revenue growth as prices wane and interest rates rise.
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