BRC Inc. price target lowered to $9 from $10 at Roth MKM

Roth MKM lowered the firm’s price target on BRC Inc. (BRCC) to $9 from $10 after its Q2 earnings miss but keeps a Buy rating on the shares. The company is moving further into a growth with profitability mentality over growth-at-all-costs, and its growing market share at Walmart (WMT) and nationwide rollout of another large grocer as evidence this business can become a major brand in the retail coffee market before considering any of its other segments, the analyst tells investors in a research note.