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Fly News Breaks for August 2, 2019
YUM
Aug 2, 2019 | 09:15 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Yum! Brands to $112 after its Q2 earnings beat and stronger comps across all brands that offset weaker operating margins. The analyst also notes that the company's two-year comp stack is now at its highest level in over 5 years, with added potential upside coming from the management's efforts to refocus Pizza Hut units on delivery. Strelzik keeps his Market Perform rating on Yum! Brands due to valuation.
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