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Fly News Breaks for July 15, 2015
YUM
Jul 15, 2015 | 08:32 EDT
Oppenheimer believes that Yum's Q2 China trends imply that its China business will generate double digit comp gains in 2H15. The firm thinks the company's margins indicate that its 2016 EPS will beat Street expectations, while Taco Bell continues to deliver good results. Oppenheimer continues to believe that the stock could rise to $140-$150 and keeps an Outperform rating on the shares.
News For 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.
