BellRing Brands downgraded to Underperform from Neutral at BofA

BofA downgraded BellRing Brands (BRBR) to Underperform from Neutral with a price target of $10, down from $19, following Q2 results and a 25% FY26 EBITDA guidance cut. The firm recognizes that “downgrading shares at lows is far from heroic,” but sees limited visibility to a re-acceleration in either revenue or margins over the next twelve months, the analyst tells investors.