- Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on the shares of BRC Inc 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.
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