Wells Fargo lowered the firm’s price target on Mister Car Wash to $10 from $11 and keeps an Overweight rating on the shares. While the firm sees achievable Q1 expectations and a stage set for accelerating comps, rates are what matter most today, it also sees balanced risk/reward into EPS. Nonetheless, Wells remains constructive on the long-term opportunity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCW:
- Mister Car Wash Stock (NYSE:MCW): The Next Short-Squeeze Opportunity?
- Mister Car Wash Secures Revised Credit Terms and Enhances Financial Flexibility
- Wall Street Analyst Says These 2 Consumer Stocks Are Top Picks for 2024
- Mister Car Wash initiated with a Buy at Mizuho
- SHAREHOLDER ALERT: Potential Recovery for Mister Car Wash, Inc. (MCW) Investors
