JPMorgan initiated coverage of Black Rock Coffee (BRCB) with a Neutral rating and $24 price target The firm believes much of the company’s near-term upside is already reflected in the shares. The company is shifting from the higher volume markets to riskier, yet high potential markets such as California, the analyst tells investors in a research note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRCB:
- Black Rock Coffee initiated with a Buy at Stifel
- Black Rock Coffee initiated with an Overweight at Morgan Stanley
- Balancing Growth Ambitions and Risks: An Analysis of Black Rock Coffee Bar’s Market Position and Future Potential
- Black Rock Coffee Bar, Inc.: Strategic Expansion and Strong Financials Justify Buy Rating
- Black Rock Coffee Bar: Strong Growth Potential and Strategic Expansion Justify Buy Rating