BellRing Brands price target lowered to $11 from $17 at TD Cowen

TD Cowen lowered the firm’s price target on BellRing Brands (BRBR) to $11 from $17 and keeps a Hold rating on the shares. The firm said the company reported a disappointing 2Q miss and lowered FY26 EBITDA guidance by about 25% due to consumers buying more on promotions than expected, rising freight/protein costs, and an inventory charge.