Citi raised the firm’s price target on European Wax Center (EWCZ) to $6 from $4.50 and keeps a Neutral rating on the shares. The company’s Q1 was better than consensus, driven by slightly stronger sales, the analyst tells investors in a research note. The firm expects the shares to remain range-bound until management can prove their strategy will drive improved comp store performance. It sees a balanced risk/reward at current share levels.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EWCZ:
- Sell Rating on European Wax Center Due to Strategic Uncertainty and Challenging Consumer Environment
- European Wax Center’s Earnings Call: Mixed Sentiments and Strategic Focus
- European Wax Center price target raised to $6 from $5 at Truist
- European Wax Center: Strong Financial Performance and Strategic Growth Initiatives Justify Buy Rating
- European Wax Center Reports Mixed Q1 2025 Results
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue