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Fly News Breaks for May 23, 2016
YUM
May 23, 2016 | 07:59 EDT
Oppenheimer analyst Brian Bittner says he continues to believe Yum! Brands' stock is the large-cap stock to own for 2016, and sees the company's risk-reward "even more compelling" particularly into its upcoming recap, roadshows and separation. The analyst adds that Yum! Brands' earnings and valuation are currently less exposed and its investment story has "more powerful" drivers. Bittner reiterates an Outperform rating and $93 price target 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.
