JPMorgan Chase & Co. Lowers Yesway (NASDAQ:YSWY) Price Target to $25.00

Yesway (NASDAQ:YSWY) had its price target cut by equities researchers at JPMorgan Chase & Co. from $29.00 to $25.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.66% from the stock’s current price.

Several other brokerages have also issued reports on YSWY. Guggenheim restated a “buy” rating on shares of Yesway in a research report on Wednesday. The Goldman Sachs Group began coverage on Yesway in a research report on Monday, May 18th. They issued a “neutral” rating and a $28.00 price objective for the company. Wall Street Zen upgraded shares of Yesway to a “hold” rating in a report on Saturday, April 25th. Raymond James Financial assumed coverage on Yesway in a report on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Morgan Stanley assumed coverage on shares of Yesway in a research note on Monday, May 18th. They issued an “equal weight” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.13.

Yesway Price Performance

Yesway stock traded up $0.25 during midday trading on Friday, hitting $22.19. 30,035 shares of the stock were exchanged, compared to its average volume of 460,067. Yesway has a 52 week low of $19.61 and a 52 week high of $29.08.

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.