Truist Securities Downgrades BellRing Brands to Hold, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bill Chappell has downgraded BellRing Brands (NYSE:BRBR) from Buy to Hold and reduced the price target from $55 to $50.
January 03, 2024 | 2:10 pm
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BellRing Brands was downgraded by Truist Securities from Buy to Hold, and the price target was lowered from $55 to $50.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a tempered outlook for the company's stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100