GS positive on McDonald's operator Westlife Foodworld's growth; reiterates PT

Sapphire Foods India

06/12/2024 04:49

** Shares of India's McDonalds's operator Westlife Foodworld
 WEST.NS  rise as much as 5.2% to 837.4 rupees, its highest
since Sept. 27
    ** Goldman Sachs reiterates street high PT of 1,045 rupees,
maintains "buy" rating
    ** Says positive impact of co's menu interventions expected
to drive growth in Q3
    ** Co says confident of delivering positive same-store sales
growth in Q3, will be better than peers, during interaction with
GS
    ** Guest count to see decent growth in Q3, aided by soft
base in year-ago quarter- GS
    ** More than 252,000 shares change hands, 2.2x its 30-day
avg
    ** Rivals Domino's operator Jubilant Foodworks  JUBI.NS 
rated "hold", KFC franchisees Devyani International  DEVY.NS 
and Sapphire Foods  SAPI.NS  rated "buy" and Burger King
operator Restaurant Brands Asia  RESR.NS  also at "buy"

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))