BellRing Brands price target lowered to $45 from $47 at TD Cowen

TD Cowen analyst Robert Moskow lowered the firm’s price target on BellRing Brands (BRBR) to $45 from $47 and keeps a Buy rating on the shares. The firm updated its model following Q2 results and said while the company’s cautious commentary about competitive incursions in their high growth RTD protein category exacerbated negative sentiment on the stock, they view the 33% pullback in the shares as overdone given the likelihood that the company can still achieve its 10-12% sales growth algorithm in FY26 and beyond.