B of A Securities Maintains Buy on European Wax Center, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on European Wax Center (NASDAQ:EWCZ) but has lowered the price target from $16 to $8.
August 21, 2024 | 3:19 pm
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B of A Securities has maintained a Buy rating on European Wax Center but significantly lowered the price target from $16 to $8, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the stock's potential, but the halving of the price target from $16 to $8 indicates a significant reduction in expected future performance. This could lead to short-term downward pressure on the stock price as investors reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100