Yesway initiated with an Equal Weight at Morgan Stanley

Morgan Stanley initiated coverage of Yesway (YSWY) with an Equal Weight rating and $28 price target The firm sees a balanced risk/reward at current share levels. Yesway offers long-term valuation upside due to its “durable unit-growth algorithm,” but this is offset by a transition period of slower growth in 2026 and 2027 as well as execution risk, the analyst tells investors in a research note.