Morgan Stanley analyst Pamela Kaufman raised the firm’s price target on BellRing Brands to $65 from $61 and keeps an Overweight rating on the shares after having recently hosted the company’s President and CEO, CFO and head of Investor Relations for investor meetings. Following the meetings, the firm raised its target and says it views BellRing as “a unique asset in the space where top-line growth is increasingly scarce,” which warrants a premium multiple.
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