Telsey Advisory Group Maintains Outperform on European Wax Center, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group has maintained an Outperform rating on European Wax Center (NASDAQ:EWCZ) but has lowered the price target from $16 to $8.
August 15, 2024 | 10:33 am
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Telsey Advisory Group has maintained an Outperform rating on European Wax Center (NASDAQ:EWCZ) but has significantly lowered the price target from $16 to $8.
The maintenance of an Outperform rating is positive, but the significant reduction in the price target from $16 to $8 suggests a more cautious outlook on the stock's future performance. This mixed signal is likely to create short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100