2256 GMT - Guzman y Gomez's long-term growth story looks intact to its bull at Macquarie despite short-term pressure on the Australian fast-food franchiser. Macquarie is positive on the Mexican-themed chain's exit from the U.S., pointing out that the removal of regional losses will give it additional flexibility when it comes to shareholder returns and expansion in Australia. It acknowledges that a short-term backdrop of falling consumer sentiment and rising inflation is unhelpful, but suggests its brand and scale in Australia means the company still has a significant opportunity. Macquarie cuts its target price by 4.9% to A$25.20 and keeps an outperform rating on the stock, which is at A$19.81 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 24, 2026 18:56 ET (22:56 GMT)
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