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BellRing Brands price target lowered to $60 from $65 at Truist

Truist lowered the firm’s price target on BellRing Brands (BRBR) to $60 from $65 and keeps a Hold rating on the shares. The firm is adjusting its model to reflect the “quarterly cadence” of its EBITDA estimates as well as to reflect multiple compression in the company’s high-growth consumer peer group, the analyst tells investors in a research note.

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