Better Beer brand to aid Aussie pub operator Mighty Craft - Canaccord

Mighty Craft

02/03/2023 03:30

** Analysts at Canaccord Genuity believe the market is
under-appreciating Mighty Craft Ltd's  MCL.AX  Better Beer brand
as well as the entire company portfolio
    ** Says Better Beer looks to have a strong start leading
into CY23; adds new product offering should be additive to
growth
    ** Brokerage says gross margin that it recognised in first
half of FY23 was broadly in line with 2H22 and sees it as a
decent base for co to work from
    ** MCL shares up as much as 2.9, set for best day since Feb
24, if trend holds 
    ** Stock down 2.8% this year, as of last close 

    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))