Mister Car Wash upgraded to Overweight at Stephens on pricing efforts

As previously reported, Stephens upgraded Mister Car Wash (MCW) to Overweight from Equal Weight with a price target of $6.25, down from $7.50. Industry headwinds and tough comps have driven sentiment lower and created a buying opportunity, argues the analyst, who sees the company’s efforts to strategically take price driving “a positive dynamic between price/traffic.”