BMO Capital downgraded Mister Car Wash (MCW) to Market Perform from Outperform with a price target of $7, down from $9, after Leonard Green & Partners announced an agreement to acquire the remaining 33% minority stake for $7 per share. The firm thinks the valuation is “fair” given ongoing retail car wash pressure and reinvestment back into the business, the analyst tells investors.
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Read More on MCW:
- Mister Car Wash price target raised to $7 from $6 at Piper Sandler
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- Mister Car Wash downgraded to Equal Weight from Overweight at Wells Fargo
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