BellRing Brands price target raised to $60 from $57 at Mizuho

Mizuho raised the firm’s price target on BellRing Brands to $60 from $57 and keeps a Buy rating on the shares. Most consumers continue to spend cautiously, and low-incomes remain under pressure while conditions are record net favorable for highest-income households, the analyst tells investors in a research note. The firm says multiple data suggest potential tightening of credit usage and larger spending discipline. It believes staples names remain oversold and are capable of weathering the macro environment.