KeyBanc analyst Ashley Owens last night downgraded Brilliant Earth (BRLT) to Sector Weight from Overweight without a price target following the Q4 report. The firm says margin risk overshadows the company’s fundamentals. Brilliant Earth’s EBITDA margins are expected to face further pressure this year due to elevated precious metal prices, the analyst tells investors in a research note. KeyBanc believes the stock’s near-term risk/reward has become less favorable.
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Read More on BRLT:
- Brilliant Earth downgraded to Neutral from Buy at B. Riley
- Brilliant Earth downgraded to Sector Weight from Overweight at KeyBanc
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