Guggenheim lowered the firm’s price target on Mister Car Wash (MCW) to $8 from $9.50 and keeps a Buy rating on the shares. A “surprising” top- and bottom-line shortfall in Q2 due to “very weak” non-member consumption trends “calls into question the near-to-intermediate-term” growth algorithm, the analyst tells investors. The firm is lowering its estimates and now sees high-single-digit EBITDA growth in 2025, versus the low-double-digit algorithm, the analyst noted.
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