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Fly News Breaks for October 8, 2015
YUM
Oct 8, 2015 | 07:20 EDT
RBC Capital cut its price target on Yum! after the company reported weaker than expected results and cut its guidance. The firm notes that the weakness in the high margin Pizza Hut brand in China weighed on its full results in the country.RBC forecasts that the company's stock could reach $95 if the China division stabilizes and it spins off its China business, down from its previous upside target of $115. RBC keeps a Top Pick 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.
