Sunglass maker Warby Parker rises after BTIG upgrades to 'buy'

Warby Parker

12/10/2023 14:17

** Shares of sunglass maker Warby Parker  WRBY.N  rise 3.66%
to $14.73 premarket after BTIG upgrades to "buy" from "neutral"
    ** BTIG says WRBY has untapped revenue potential from its
offerings such as eye exams and contact lenses, based on data
from brokerage's proprietary survey
    ** Uptick in marketing spend and increase in store fleet
will help address consumer awareness that should further support
growth, adds brokerage
    ** "Replenishment-driven nature of the eyewear category is
well-positioned amid a choppy macro (environment)... and is
likely on the cusp of seeing benefits from multi-year pent-up
demand" - BTIG
    ** As of last close, WRBY up 5.3% YTD

 (Reporting by Siddarth S in Bengaluru)
 ((Siddarth.s@thomsonreuters.com;))