Canaccord analyst Brian McNamara lowered the firm’s price target on Solo Brands to $6 from $7 and keeps a Buy rating on the shares. The firm noted they implemented a marketing campaign and with a quality product and just 3% household penetration, they believe the campaign will pay dividends over time as brand awareness improves.
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- Solo Brands downgraded to Hold at Jefferies after CEO exit, guidance cut
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- Solo Brands downgraded to Market Perform at William Blair (yesterday)
