Information Provided By:
Fly News Breaks for February 9, 2018
YUM, GRUB
Feb 9, 2018 | 07:34 EDT
Oppenheimer analyst Jason Helfstein raised his price target for GrubHub (GRUB) to $100 after the company announced a strategic partnership/investment from Yum! Brands (YUM). The analyst calls the deal's exclusivity a "clear upside" to his analysis versus prior 20%-40% of chain delivery gross food sales. He keeps an Outperform rating on GrubHub.
News For GRUB;YUM From the Last 2 Days
YUM
Apr 23, 2024 | 05:57 EDT
Citi lowered the firm's price target on Yum! Brands to $162 from $166 and keeps a Buy rating on the shares ahead of the Q1 report. The analyst expects Yum continues to voice confidence in 5% unit growth, and its digital initiatives are growing sales for franchisees. The firm views the company's near-term outlook as "shakier" than the long-term.