BRC Inc. price target lowered to $6.50 from $8 at Citi

Citi analyst Alexandra Davis lowered the firm’s price target on BRC Inc. to $6.50 from $8 and keeps a Neutral rating on the shares. The company’s Q4 profitability missed estimates, the analyst tells investors in a research note. The firm, however, was encouraged to hear the positive commentary regarding BRC’s expansion into Walmart, which it says should continue to provide a boost to sales growth.