2233 GMT - Guzman Y Gomez shakes off its bears at UBS on the prospect of the Australian fast-food chain beating market expectations for annual sales growth and earnings margins. Analysts Shaun Cousins and James Meares raise their recommendation on the stock to neutral from sell, citing the potential impacts of menu changes, longer opening hours and increased delivery orders. They reckon that improved sales growth relative to a more modest year-earlier period through the remainder of fiscal 2025 can help deliver increased operating leverage. They wonder whether Guzman y Gomez would expand margins or redeploy capital back into the business. Target price rises 8.1% to A$40.00. Shares are at A$38.33 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 17:33 ET (22:33 GMT)
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