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Fly News Breaks for October 7, 2015
YUM
Oct 7, 2015 | 07:18 EDT
After Yum! reported weaker than expected results and cut its guidance, Stifel thinks the decline in the stock is overdone, while the large reduction in the company's China 2H15 comp outlook increases the chances that the company will launch a restructuring initiative. The firm cut its price target on the name to $100 from $110 but keeps a Buy 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.
