Black Rifle Coffee's Omni-Channel Shift And RTD Products Driving Long-Term Growth, Analyst Says
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Sarang Vora reiterated an Outperform rating on BRC Inc (NYSE:BRCC) with a price target of $10. The company announced senior management changes and the analyst believes these changes will strengthen the company's operations. The 2Q23 pre-announced results were in line with expectations and the 2023 outlook remains unchanged. The company's shift to an omni-channel model and the success of its RTD products are expected to drive growth.
June 30, 2023 | 5:35 pm
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POSITIVE IMPACT
BRC Inc's stock is expected to perform well due to positive analyst ratings, management changes, and a shift to an omni-channel model.
The analyst from Telsey Advisory Group has reiterated an Outperform rating on BRC Inc, indicating a positive outlook for the company's stock. The company's management changes are expected to strengthen its operations, which could positively impact its stock performance. Additionally, the company's shift to an omni-channel model and the success of its RTD products are expected to drive growth, which could further boost its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100