BellRing Brands price target raised to $54 from $48 at Stifel

Stifel analyst Matthew Smith raised the firm’s price target on BellRing Brands to $54 from $48 and keeps a Buy rating on the shares after the company reported Q4 revenue and EBITDA growth that were stronger than expected. BellRing provided initial guidance for FY24 calling for 10%-15% revenue growth and EBITDA growth in the range of 6%-15%, notes the firm, which continues to see “a long runway of growth ahead for BellRing.”