5 Stocks Losing Value Following Analyst Ratings Downgrades

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In this article, we discuss the 5 stocks losing value following analysts’ downgrades. If you want to read our detailed analysis of these companies, go directly to 10 Stocks Losing Value Following Analyst Ratings Downgrades.

5. Mister Car Wash, Inc. (NYSE:MCW)

Number of Hedge Fund Holders: 26

Shares of Mister Car Wash, Inc. (NYSE:MCW) plummeted over seven percent on Monday, June 27, 2022, after Goldman Sachs downgraded the Arizona-based car wash operator from “Neutral” to “Sell.”

Goldman Sachs analyst Kate McShane pointed to the discretionary nature of the company’s business. McShane thinks that the ongoing inflationary pressure might force Mister Car customers to cancel their memberships.

McShane also cut her price target for Mister Car Wash, Inc. (NYSE:MCW) from $12 per share to $10 per share. Shares of Mister Car Wash, Inc. (NYSE:MCW) have lost about 40 percent of their value so far in 2022.

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