Truist Securities Maintains Buy on European Wax Center, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a 'Buy' rating on European Wax Center (NASDAQ:EWCZ), but lowered the price target from $24 to $20.
October 05, 2023 | 12:57 pm
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European Wax Center's price target has been lowered from $24 to $20 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100