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Fly News Breaks for November 11, 2019
BRBR
Nov 11, 2019 | 05:02 EDT
BMO Capital analyst Kenneth Zaslow initiated coverage of BellRing Brands with an Outperform rating and $22 price target. The company offers a "growth investment at a reasonable price," says the analyst, whose target implies 25% upside from current share levels. He believes BellRing's valuation is compressed owing to "self-inflected" supply constraints in 2019. However, this will likely expand with the establishment of a more consistent operating track record and an acceleration of EBITDA growth in fiscal 2020, contends Zaslow.
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