Baird lowered the firm’s price target on European Wax Center to $15 from $19 and keeps a Neutral rating on the shares. The firm noted management lowered 2023E guidance embedding flat or modestly worse Q4 comps, balancing stable core Wax Pass/routine guest trends with discretionary headwinds and internal initiatives.
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Read More on EWCZ:
- European Wax Center, Inc. Reports Third Quarter Fiscal Year 2023 Results
- European Wax Center lowers FY23 revenue view to $217M-$219M from $222M-$229M
- European Wax Center reports Q3 revenue $55.7M, consensus $59M
- European Wax Center, Inc. to Report Third Quarter Fiscal 2023 Financial Results on November 8th
- European Wax Center price target lowered to $20 from $24 at Truist
