Yesway initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of Yesway (YSWY) with a Neutral rating and $28 price target The company has a “long runway” of growth ahead as it ramps new store development though its capital-light build-to-suit program, the analyst tells investors in a research note. However, Goldman sees some risk to Yesway’s EBITDA growth if its 130 planned new store openings in the next five years “proves ambitious.”