JPMorgan Chase & Co. Issues Pessimistic Forecast for Yesway (NASDAQ:YSWY) Stock Price

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

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley began coverage on shares of Yesway in a research report on Monday, May 18th. They issued an “equal weight” rating and a $28.00 target price for the company. Barclays began coverage on shares of Yesway in a report on Monday, May 18th. They issued an “overweight” rating and a $31.00 price objective for the company. KeyCorp began coverage on shares of Yesway in a research report on Monday, May 18th. They issued an “overweight” rating and a $31.00 price target for the company. Zacks Research upgraded Yesway to a “hold” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen upgraded Yesway to a “hold” rating in a research note on Saturday, April 25th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.13.

Yesway Price Performance

NASDAQ:YSWY traded up $0.25 during mid-day 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 fifty-two week low of $19.61 and a fifty-two week high of $29.08.

About Yesway

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.