Home›US Markets›Equities›Analysts cite upside in restaurant stocks as inflation…

Analysts cite upside in restaurant stocks as inflation pressures fade

MarketWatch says sell-side analysts point to potential double-digit gains over the next 12 months, hinging on gas prices coming down.

Reported · Written up by our desk · Equities

A recent selloff in shares of restaurant operators has been linked to inflationary pressures, according to MarketWatch.

Still, many sell-side analysts believe the pullback may be overdone and see upside potential across parts of the industry.

MarketWatch highlights that the restaurant stocks it identifies are viewed as candidates for double-digit percentage gains over the next 12 months.

The analysts’ bullish outlook is also tied to a possible easing in energy costs, specifically the idea that gas prices could come down.

More like this

Sources