Roth MKM lowered the firm’s price target on BRC Inc. (BRCC) to $3.50 from $4 and keeps a Neutral rating on the shares after its Q3 results and narrowed guidance. The company continues to take share, posting 15% velocities in the quarter compared to a flat category, and sales to Walmart (WMT) were stable year-over-year as total distribution points declined after rationalizing some SKUs, the analyst tells investors in a research note.
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