Goldman Sachs initiates coverage of fast-food chain Guzman Y Gomezwith a sell rating despite its analysts' cautious optimism toward the sector. They tellclients in a note that there is no recent successful precedent in Australia for theMexican-food retailer's long-term expansion aspirations, making them look overlyoptimistic. The stock's valuation appears pegged to highest-growth U.S. peers withouttaking into account risks and market differences, they say. There's also the matter of53% of the company's shares expected to be released from escrow between March and August2025. GS puts a A$33.20 target price on the stock, which is at A$39.36 ahead of the open.
I bet the grubs mark it up at the close for $50k spend....
Goldman Sachs initiates coverage of fast-food chain Guzman Y...
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Last
$35.91 |
Change
-0.830(2.26%) |
Mkt cap ! $3.667B | |||
| Open | High | Low | Value | Volume |
| $36.19 | $36.61 | $35.77 | $602.3K | 16.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 84 | $35.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.93 | 37 | 5 |
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