European Wax Center price target raised to $17 from $16 at Truist

Truist raised the firm’s price target on European Wax Center to $17 from $16 and keeps a Buy rating on the shares. The company’s Q4 results were in line with its ICR pre-annoucement and continued to showcase the resiliency of its core customer base despite the persistent macro headwinds, the analyst tells investors in a research note. The firm remains positive on the company’s stable demand creation with core customers, tripling in terms of long-term expansion potential, and the strong returns that they generate for franchisees.