BRC Inc. price target lowered to $8 from $9 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the firm’s price target on BRC Inc. to $8 from $9 and keeps a Hold rating on the shares. Although BRC’s Q4 results were "broadly satisfactory," most of the focus will enter on management’s fiscal 2023 guidance, the analyst tells investors in a research note. The firm sees a challenging growth path for the company in fiscal 2024.