BellRing Brands price target lowered to $45 from $52 at JPMorgan

JPMorgan lowered the firm’s price target on BellRing Brands (BRBR) to $45 from $52 and keeps an Overweight rating on the shares. The firm reduced sales and EBITDA estimates for BellRing’;s 2026 and beyond. However, despite competitive fears, the company’s share losses to other brands have not worsened, the analyst tells investors in a research note. JPMorgan sees a favorable risk/reward for the shares.