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YUM

Yum! Brands

$87.20

1.0375 (1.20%)

12:12
10/19/16
10/19
12:12
10/19/16
12:12

Meister says Yum! separation creates' two wonderful businesses'

Keith Meister of Corvex Capital is speaking on CNBC. He's Yum! Brands' largest shareholder.

YUM Yum! Brands
$87.20

1.0375 (1.20%)

10/12/16
OPCO
10/12/16
NO CHANGE
OPCO
Outperform
Oppenheimer remains a buyer of Yum! Brands ahead of split
Oppenheimer analyst Brian Bittner believes the case to own Yum! Brands into the November 1st split just improved after the company's analyst day. Bittner says new-Yum! Brands' business model resembles scarcity, possesses a unique cost-cutting opportunity and should reliably return significant capital to shareholders, while Yum-China's runway for profit growth is substantial and appears underappreciated based on the current stock price. He reiterates an Outperform rating and $97 price target on the shares.
10/19/16
FBCO
10/19/16
UPGRADE
FBCO
Outperform
Yum! Brands upgraded to Outperform from Neutral at Credit Suisse
10/19/16
10/19/16
UPGRADE
Target $96

Outperform
Yum! Brands upgraded to Outperform on 'New Yum' outlook at Credit Suisse
As previously reported, Credit Suisse analyst Jason West upgraded Yum! Brands to Outperform from Neutral and raised its price target to $96 from $90 based on a bullish outlook for the "New Yum" non-China, which will begin to trade on a standalone basis on November 1. The analyst sees a base case stock price for the New Yum in the $80+ range by mid-to-late 2018 led by a multiyear earnings growth story driven by accelerating new store growth and tremendous excess capital.
10/19/16
10/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Loop Capital with analyst Blake Harper saying downside is limited, even if the Q3 results disappoint, as there is "essentially a floor on the value of shares given the M&A speculation." 2. Costco (COST) upgraded to Buy from Neutral at Northcoast with analyst Chuck Cerankosky saying he expects a stronger earnings improvement in 2018 and believes the performance will reflect a $5 membership increase in the US and Canada. 3. Yum! Brands (YUM) upgraded to Outperform from Neutral at Credit Suisse with analyst Jason West citing a bullish outlook for the "New Yum" non-China, which will begin to trade on a standalone basis on November 1. 4. America's Car-Mart (CRMT) upgraded to Buy from Underperform at BofA/Merrill with analyst Elizabeth Suzuki saying she believes competition in the subprime auto market is beginning to ease and said she is seeing signs of credit tightening at other subprime lenders which should benefit Car-Mart. 5. Alon USA Partners (ALDW) and Western Refining (WNR) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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