TD Cowen analyst Robert Moskow lowered the firm’s price target on BellRing Brands (BRBR) to $17 from $24 and keeps a Hold rating on the shares. The firm is “broadly cautious” on large cap staples heading into Q1 earnings. Food companies have yet to show a clear path back to growth, the analyst tells investors in a research note. TD says rising oil costs pose an overhang on the sector. It stays constructive on soft drinks and energy.
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