Evercore analyst David Palmer maintains $BellRing Brands (BRBR.US)$ with a buy rating, and adjusts the target price from $78 to $88.
According to TipRanks data, the analyst has a success rate of 62.1% and a total average return of 7.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $BellRing Brands (BRBR.US)$'s main analysts recently are as follows:
The coming years, particularly 2025, are anticipated to be challenging for the food and beverage industry. This expectation stems from several factors: a stable regulatory environment that sees little change, a gradual increase in GLP-1 utilization accompanied by high dropout rates, and normalization of value-seeking shopping behaviors as consumers adjust to higher prices and experience wage inflation. Many brands in the industry may need to adjust their pricing and margin structures downward to enhance their value perception among consumers.
Historic underperformance has created minimal expectations for the U.S. Food group, yet as 2025 approaches, signs of stabilizing volume and improved earnings delivery will be closely monitored.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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