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Morgan Stanley highlights BellRing Brands as top pick in food stocks

Morgan Stanley has initiated coverage of U.S. packaged food stocks with a cautiously In-Line outlook, highlighting low earnings visibility and rising margin pressures. Among the sector, BellRing Brands is identified as a top pick due to its growth potential and recent pullback creating a favorable entry point. The firm remains Overweight on Mondelez, The J.M. Smucker Company, and Vital Farms, while being Underweight on Kraft Heinz, Kellogg’s, and General Mills due to concerns over weaker trends and earnings visibility.
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