BellRing Brands price target raised to $75 from $67 at BofA

BofA raised the firm’s price target on BellRing Brands to $75 from $67 and keeps a Buy rating on the shares. In contrast to Q4 of 2023, the firm expects comments related to 2025 from the consumer staples group as likely to reflect frustration about the effect of unpredictable consumer behavior on volumes versus pricing actions. The firm, however, expects commentary from BellRing speaking to the high end of its sales growth algorithm given idiosyncratic benefits expected in the Q2 of FY25 weight loss season, the analyst tells investors. Separately, the firm also added BellRing to BofA’s “US 1” list as a top idea in Consumer Staples.