BRC Inc. price target lowered to $6 from $9 at DA Davidson

DA Davidson lowered the firm’s price target on BRC Inc. to $6 from $9 but keeps a Buy rating on the shares. The company’s Q3 results were “mixed” with sales below consensus but still up 33%, which is “no small feat”, the analyst tells investors in a research note. BRC’s ready-to-drink business is still growing at over 16%, which is ahead of the industry, even though it is suffering from too much inventory, the firm added.