Mister Car Wash price target lowered to $6.50 from $10.00 at UBS

UBS lowered the firm’s price target on Mister Car Wash to $6.50 from $10.00 and keeps a Neutral rating on the shares. Mister Car Wash’s model held up well in Q3 despite a tougher macro and more competitive environment, the analyst tells investors in a research note. The firm expects the market to question the company’s intermediate term outlook, and thinks that as the business stabilizes, it should go a long way towards supporting the stock.