BellRing Brands price target raised to $82 from $80 at Jefferies

Jefferies raised the firm’s price target on BellRing Brands (BRBR) to $82 from $80 and keeps a Buy rating on the shares. The firm remains positive into BellRing’s Q3 and expects the report to be a clearing event, with management raising the lower end of guidance, the analyst tells investors in a research note. While competition is intensifying, the category is healthy, and there’s room for multiple winners, the firm argues.