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Fly News Breaks for May 2, 2019
YUM
May 2, 2019 | 09:20 EDT
BTIG analyst Peter Saleh raised his price target on Yum! Brands to $114 and kept his Buy rating after its Q1 results showed "broad-based same-store sales and unit growth acceleration." The analyst believes the company is differentiating itself from peers through its scale and also using its balance sheet to invest in technology. Saleh adds that Yum! Brands' momentum of sales growth and accelerating unit development should continue.
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.
