Stifel Maintains Buy on BellRing Brands, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Smith has reaffirmed a Buy rating on BellRing Brands (NYSE:BRBR) and increased the price target from $54 to $60, indicating a positive outlook on the company's stock.
January 25, 2024 | 2:50 pm
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Stifel analyst Matthew Smith maintains a Buy rating on BellRing Brands and raises the price target to $60, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100