Raymond James initiated coverage of Yesway (YSWY) with an Outperform rating and $30 price target The firm cites the company’s “durable” business model, “strong” new store economics, “meaningful” whitespace opportunity and improving merchandise mix for the buy rating. Yesway’;s rural focused footprint and geographic exposure provide a competitive advantage in the “highly fragmented” convenience store industry, the analyst tells investors in a research note.
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