tiprankstipranks
BRC Inc. price target lowered to $3.50 from $4 at Roth MKM
The Fly

BRC Inc. price target lowered to $3.50 from $4 at Roth MKM

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.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App