Evercore ISI lowered the firm’s price target on BellRing Brands (BRBR) to $82 from $90 and keeps an Outperform rating on the shares. The firm is lowering EBITDA estimates for 2025 and 2026 by 2%-4% given sales moderation in FY25 due to what the firm believes will be a one-time retailer inventory adjustment and higher SG&A costs due to marketing. However, with the stock down 19% yesterday, “we are a buyer” as the firm expects organic sales growth to accelerate in fiscal Q4 to mid-teens and the company to sustain FY26 organic sales growth of 10%-plus, the analyst tells investors.
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