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Fly News Breaks for April 2, 2019
YUM
Apr 2, 2019 | 08:18 EDT
Longbow analyst Alton Stump said his checks with U.S. Taco Bell franchisees lead him to believe same-store sales rose about 4% in Q1, which he noted is in-line with consensus and his estimate. Stump keeps a Neutral rating on shares of Taco Bell parent Yum! Brands, citing valuation.
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.
