European Wax Center price target raised to $6 from $5 at Truist

Truist raised the firm’s price target on European Wax Center (EWCZ) to $6 from $5 and keeps a Buy rating on the shares after its Q1 results. The company reported upsize on comps, revenue, and EBITDA, and its core customer trends remain stable as the management refocuses its marketing efforts on attracting new high-value customers, the analyst tells investors in a research note. European Wax Center provides investors with a high-risk/high-reward opportunity, the firm added.