Morgan Stanley lowered the firm’s price target on European Wax Center (EWCZ) to $4 from $5 and keeps an Underweight rating on the shares. The company’s issues continue to come to light and 2025 is positioned to be “a reset year,” says the analyst, who adds that unit declines in 2025 may persist into 2026.
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Read More on EWCZ:
- European Wax Center: Strong Financial Management and Strategic Real Estate Moves Justify Buy Rating Amid Earnings Recovery Potential
- European Wax Center Faces Financial Challenges: Sell Rating Issued Amid Over-Expansion and Ineffective Strategies
- European Wax Center Reports Stable FY 2024 Results
- European Wax Center price target lowered to $15 from $18 at Jefferies
- European Wax Center price target lowered to $6 from $8 at Truist
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