Jefferies raised the firm’s price target on BellRing Brands (BRBR) to $84 from $61 and keeps a Buy rating on the shares. The firm thinks BellRing “ends the year strong” and guides FY25 to be an above-algorithm year, the analyst tells investors in a preview of Q4 EPS and look ahead to FY25. Secured capacity, accelerating consumption, and higher marketing spend create scope for upward revisions, the analyst added.
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