Morning Summary - May 18 2026

研报英文原文证据摘录

Morning Summary - May 18 2026

MORNING SUMMARY

May 18, 2026

Media, Internet & Communications Daily: Daily MIC: Paramount’s WBD Takeover Could Breach SkyShowtime Venture with

Comcast - Rpt; OpenAI’s Apple Partnership Sours; NFL Schedule Leans into Holidays, Streaming Expansion

INITIATION OF COVERAGE

YESWAY, INC. Buy

YSWY - Convenience, Tex-Mex Style—Initiating Coverage of

Emerging Growth Retailer With BUY-Rating and $30 Price Target YSWY $25.84 Price$30.00TargetJohn Heinbockel

212 381 4135, john.heinbockel@guggenheimpartners.com

Current Q Next Q Current FY Next FY

Steven Forbes, CFA, CPA

212 381 4188, steven.forbes@guggenheimpartners.com $0.43 $0.39 $1.46 $1.30

CLICK HERE TO ACCESS THIS REPORT Market Cap (M) Metric Mult Curr Yr. Mult Next Yr.

Published on May 18, 2026 $1,654 EPS ($) 17.7x 19.9x

Key Message: We are initiating coverage of Yesway, Inc. (YSWY), a leading convenience store operator in the Southwestern US in the early stages of

a significant acceleration in top and bottom-line momentum with a BUY-rating and a $30 Price Target. Like all well-positioned c-store brands, a focus on

differentiated fresh foods and grocery product assortment is driving traffic and share gains. Most importantly, the business is poised to benefit from the

accelerated roll-out of a highly productive store format in existing and adjacent markets providing visibility to a high-single-digit EBITDA algo. Growth would

be higher by 2028 as top-line gains strengthen to 15% from 4% in 2026. Although the shares have appreciated 30% since the IPO, the current 10.8x our

2026E EBITDA multiple implies just a 1.4x PEG rate, well below that of the principal peers. Our $30 price target equates to ~12x our potentially conservative

2026 and 2027 estimates.

ESTIMATE CHANGES

EVERPURE, INC. Buy