BellRing Brands price target raised to $57 from $50 at BofA

BofA raised the firm’s price target on BellRing Brands to $57 from $50 and keeps a Buy rating on the shares after the company reported Q4 adjusted EBITDA largely inline with the firm’s estimates and above consensus. The firm rolls forward its valuation and says a premium valuation is justified as BellRing is poised for future growth given its strength in consumer interest.