Stephens & Co. Reiterates Equal-Weight on BellRing Brands, Maintains $47 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Jim Salera has reiterated an Equal-Weight rating on BellRing Brands (NYSE:BRBR) and maintained a price target of $47. This suggests that the analyst believes the stock is fairly valued at its current level and does not see significant upside or downside in the near term.
November 21, 2023 | 6:00 pm
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BellRing Brands has been given an Equal-Weight rating by Stephens & Co. with a price target of $47, indicating that the analyst sees the stock as fairly valued with limited short-term movement expected.
The reiteration of an Equal-Weight rating typically suggests that the analyst believes the stock is appropriately priced and that there are no significant catalysts on the horizon that would change the stock's valuation. The maintained price target of $47 supports this view. As such, the short-term impact on the stock price is likely to be neutral, barring any unforeseen events.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100