Mister Car Wash price target raised to $8 from $7.50 at UBS

UBS raised the firm’s price target on Mister Car Wash (MCW) to $8 from $7.50 and keeps a Neutral rating on the shares. There were more near-term positives than long-term uncertainties coming from the company’s Q3 print, the analyst tells investors in a research note. Mister Car Wash is generating good performance now, but questions around the sustainability of this momentum are likely to persist into 2025, likely keeping the stock trading around the recent range, UBS says.