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Fly News Breaks for June 25, 2019
YUM
Jun 25, 2019 | 08:16 EDT
As previously reported, Credit Suisse analyst Lauren Silberman initiated Yum! Brands with a Neutral and $106 price target. While the analyst notes that the company's proven ability to execute against long-term targets and a more controllable earnings algorithm support a premium valuation, at about 20-times EV/EBITDA, Yum! Brands is trading above its historical average and relative to heavily franchised peers. Overall, Silberman sees limited upside to shares.
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