DA Davidson analyst Michael Baker lowered the firm’s price target on BRC Inc. to $5.50 from $7 and keeps a Buy rating on the shares. The company missed their Q2 sales plan and lowered their 2024 guidance due to delays in shelf resets from several large retailers, the analyst tells investors in a research note. The firm adds however that the brand is still resonating with customers with strong sell through and repeat purchases in existing retailers.
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