Guzman shares slide after Goldman ‘sell’ rating
Shares almost doubled in value since the IPO but fell by 5% in Thursday trade.
The company has ambitious plans to grow internationally.
Mexican-themed fast food chain Guzman y Gomez has been a darling of the ASX since its IPO in June, but analysts from Goldman Sachs have just slapped a ‘sell’ rating on the stock.
Guzman shares were sold in the IPO at A$22 ($24.20) each and spiked to A$30 on their June 20 debut.
Since then, they
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