BRC Inc’s Energy requires front-loaded marketing spend, says Roth MKM

Roth MKM keeps a Neutral rating and $3.50 price target on BRC Inc. (BRCC) after its 3-year target forecasts. The firm believes that the outlook will take time to develop as Black Rifle Energy scales and requires front-loaded marketing spend, while BRC’s other businesses, including FDM – Food, Drug, and Mass market – appear to be slowing, the analyst tells investors in a research note.