Morgan Stanley Maintains Equal-Weight on European Wax Center, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on European Wax Center (NASDAQ:EWCZ) but lowered the price target from $18 to $14.
November 09, 2023 | 2:05 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on EWCZ but lowered the price target from $18 to $14, which could potentially impact the stock's performance.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the value of EWCZ. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100