DA Davidson lowered the firm’s price target on Black Rock Coffee (BRCB) to $16 from $21 but keeps a Buy rating on the shares ahead of its Q1 results next week. The firm believes that underlying trends were healthy throughout the period after excluding the impact of adverse weather in Texas, and DA Davidson expects comps to be composed of a 3.5% increase in average ticket along with a 2% traffic gain, the analyst tells investors in a research note.
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