Citi analyst Alexandra Davis lowered the firm’s price target on BRC Inc. to $6.50 from $8 and keeps a Neutral rating on the shares. The company’s Q4 profitability missed estimates, the analyst tells investors in a research note. The firm, however, was encouraged to hear the positive commentary regarding BRC’s expansion into Walmart, which it says should continue to provide a boost to sales growth.
Published first on TheFly
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Read More on BRCC:
- BRC Inc. sees FY23 revenue $400M-$440M, consensus $496.8M
- BRC Inc. reports Q4 EPS (9c), consensus (7c)
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