Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on BellRing Brands (BRBR) to $24 from $32 and keeps an Overweight rating on the shares. The firm is adjusting estimates across its packaged foods coverage to reflect recent trends, including a more challenging forward commodity outlook following the recent move higher in oil, the analyst tells investors.
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Read More on BRBR:
- BellRing Brands price target lowered to $21 from $28 at JPMorgan
- BellRing Brands price target lowered to $17 from $24 at TD Cowen
- BellRing Brands price target lowered to $22 from $27 at Barclays
- BellRing Brands initiated with a Neutral at BTIG
- BellRing Brands price target lowered to $19 from $22 at BofA