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Fly News Breaks for August 13, 2019
YUM
Aug 13, 2019 | 07:30 EDT
As previously reported, MKM Partners analyst Brett Levy started Yum! Brands with a Neutral rating and $125 price target. The analyst says the company's "highly franchised model" has produced a "solid cash flow story" with double digit earnings growth. Levy further cites Yum! Brands driving "operational progress" at Taco Bell and KFC brands, anticipating Pizza Hut to also overcome its challenges, but believes that the company's accelerating unit growth and "solid" fundamentals are priced into the stock in the near term.
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