DA Davidson lowered the firm’s price target on BellRing Brands (BRBR) to $13 from $34 and keeps a Buy rating on the shares. The company reported yet another disappointing quarter last week, which reaffirms the bear case around its ability to withstand a flurry of competition, the analyst tells investors in a research note. Historical valuation ranges presumably are irrelevant until the market perceives BellRing downward estimate revision cycle has bottomed, the firm added.
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- BellRing Brands price target lowered to $13 from $22 at Barclays
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