Raymond James Starts BRC Inc. (BRCC) at Outperform

Raymond James analyst Joseph Altobello initiates coverage on BRC Inc. (NYSE: BRCC) with a Outperform rating and a price target of $21.00.

The analyst comments "Multiple engines of growth. BRC has identified four key growth drivers that we believe offer meaningful opportunities over the next several years: 1) Continued development of its DTC business, including its Black Rifle Coffee Club subscription service; 2) broadening both its distribution and product offerings in the ready-to-drink (RTD) category; 3) expanding its retail coffee shops, or “outposts,” which offer very attractive unit economics along with marketing and customer acquisition benefits; and 4) an expanded presence in the wholesale channel, particularly among outdoor and specialty retailers."

For an analyst ratings summary and ratings history on BRC Inc. click here. For more ratings news on BRC Inc. click here.

Shares of BRC Inc. closed at $18.60 yesterday.

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