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Market Chatter: RBC Capital Markets Upgrades Guzman y Gomez to Outperform, AFR Says, Shares Up 12%

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Guzman y Gomez (ASX:GYG) has received an upgrade to an outperform rating by RBC Capital Markets, according to a Thursday report by the Australian Financial Review, citing RBC Analyst Michael Toner.

Toner said that the company's shares have shown recent weakness, which creates an "attractive" entry point despite the company's "volatile" quarterly reports.

RBC believes that the market has over-focused on recent same-store sales numbers while underestimating the company's store expansion pipeline, the report added.

The company's shares rose 12% in recent Thursday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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