Bernstein Sours on Packaged Food Stocks as Inflation, GLP-1 Bite
A spate of upcoming headwinds ranging from rising oil prices to GLP-1s prompted one Bernstein analyst to throw in the towel on a handful of America’s largest packaged food companies.
By Peyton Forte · Bloomberg Markets
A spate of upcoming headwinds ranging from rising oil prices to GLP-1s prompted one Bernstein analyst to throw in the towel on a handful of America’s largest packaged food companies.