Telsey Advisory lowered the firm’s price target on European Wax Center to $8 from $16 and keeps an Outperform rating on the shares. The company delivered an expense-driven adjusted EBITDA beat in Q2, while sales came in slightly below expectations, the analyst tells investors. Overall, optimism around the health of the franchisee networks, its 370+ locations, and opportunities longer term remain strong, the firm adds.
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