Truist Securities Maintains Buy on European Wax Center, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli maintains a Buy rating on European Wax Center (NASDAQ:EWCZ) but lowers the price target from $16 to $8.
August 15, 2024 | 1:09 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on European Wax Center but lowers the price target from $16 to $8.
The Buy rating suggests continued confidence in the stock, but the significant reduction in the price target indicates potential concerns about future performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100