B. Riley analyst Anna Glaessgen downgraded Brilliant Earth (BRLT) to Neutral from Buy with a price target of $1.50, down from $3. The firm says the company’s cost burden of metals price inflation “disrupts” its previously assumed margin ramp through 2027. The stock moving higher hinges on a stabilizing gold and platinum pricing backdrop, which “seems potentially optimistic,” the analyst tells investors in a research note. Riley moves to the sidelines pending greater margin visibility.
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