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Fly News Breaks for February 8, 2019
YUM
Feb 8, 2019 | 09:48 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Yum Brands to $100 after its better than expected comps and operating profit. The analyst notes that the company's 57c earnings miss was due to the "change in fair value of GrubHub investment and higher tax rate", adding that his new price target also reflects his rolled out model to 2020. Strelzik also keeps his Market Perform rating on Yum Brands, saying its positives are captured in the stock price.
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.
