BofA downgraded BellRing Brands to Underperform from Neutral with a price target of $10, down from $19, following Q2 results and a 25% FY26 EBITDA guidance cut. The firm recognizes that \"downgrading shares at lows is far from heroic,\" but sees limited visibility to a re-acceleration in either revenue or margins over the next twelve months, the analyst tells investors.
