Deutsche Bank analyst Steve Powers lowered the firm’s price target on BRC Inc. to $8 from $9 and keeps a Hold rating on the shares. Although BRC’s Q4 results were "broadly satisfactory," most of the focus will enter on management’s fiscal 2023 guidance, the analyst tells investors in a research note. The firm sees a challenging growth path for the company in fiscal 2024.
Published first on TheFly
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Read More on BRCC:
- BRC Inc. price target lowered to $10 from $12 at DA Davidson
- BRC Inc. price target lowered to $5 from $10 at Truist
- BRC Inc. price target lowered to $6.50 from $8 at Citi
- BRC Inc. sees FY23 revenue $400M-$440M, consensus $496.8M
- BRC Inc. reports Q4 EPS (9c), consensus (7c)
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