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The downgrade is a negative change in analyst stance, but the target still sits slightly above the posted price; bearish conviction is limited.
What happened, with direct paths to the underlying reporting
Loop Capital downgraded BRZE to Hold from Buy. Its reported $47.50 target is modestly above the posted price of $45.51, tempering the bearish implication of the downgrade.
Target: $47.5
Posted price: $45.51
Analyst firm: Loop Capital Markets
Analyst: Yun Kim
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