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Wednesday, 08/24/2022 2:46:54 PM

Wednesday, August 24, 2022 2:46:54 PM

Post# of 108
2:56p ET 8/23/2022 - Benzinga
Analyst Sees 90% Upside On BRC As Focus Shifts To Mass-Market Distribution
Mentioned: BRCC
Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on the shares of BRC Inc (NYSE: BRCC) and raised the price target to $19 from $17, implying a 90.7% upside.
The analyst thinks more focus on mass market distribution will likely increase sales growth and visibility for its brand and products.
BRCC's shift in its distribution strategy will accelerate near-term sales and brand recognition with lower capital investment, said the analyst.
Feinseth added that the company's Q2 earnings indicate growth driven by strong product demand.
BRC's strong social media following and passionate customer/fan base will continue to drive accelerating growth and brand engagement, the analyst noted.
Price Action: BRCC shares are trading higher by 1.84% at $9.95 on the last check Tuesday.
Latest Ratings for BRCC DateFirmActionFromTo

Mar 2022Truist SecuritiesInitiates Coverage OnHold Mar 2022Raymond JamesInitiates Coverage OnOutperform

View More Analyst Ratings for BRCC

View the Latest Analyst Ratings

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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