BRC Inc. price target lowered to $11 from $19 at Tigress Financial

Tigress Financial lowered the firm’s price target on BRC Inc. (BRCC) to $11 from $19 and keeps a Buy rating on the shares, citing a re-rating of valuation. However, BRC’s shift in focus to mass-market distribution continues to drive growth and it is receiving “significant growth” in shelf space at Walmart (WMT), says the firm, which adds that its revised target represents a potential return of close to 100% from current levels.