BellRing Brands downgraded to Neutral from Buy at BofA

BofA analyst Yasmine Deswandhy downgraded BellRing Brands (BRBR) to Neutral from Buy with a price target of $28, down from $50, following “soft” Q4 results, a “contentious” FY26 outlook, and a cut to the company’s long-term sales algorithm. The company’s outlook implies a meaningful acceleration in the second half of FY26 against an intensifying competitive backdrop, notes the analyst, who points out that competition has become a larger headwind in recent months.