2304 GMT - Guzman y Gomez's exit from the U.S. lures a new bull to the Australian fast-food franchiser. Upgrading his recommendation to buy from hold, Bell Potter analyst Leo Armati raises his underlying Ebitda forecasts by 11% for fiscal 2027 and 6% for fiscal 2028 on the removal of projected U.S. losses. He tells clients in a note that the Australian company's increased focus on its core domestic opportunity will be more beneficial to shareholders. He is confident in the medium-term opportunity ahead of the Mexican-themed chain, which has a pipeline of 108 restaurants and successful master-franchising operations in Singapore and Japan. Bell Potter raises its target price by 11% to A$24.50. Shares are at A$19.81 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 24, 2026 19:04 ET (23:04 GMT)
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