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Fly News Breaks for January 8, 2020
YUM
Jan 8, 2020 | 07:48 EDT
Cowen analyst Andrew Charles downgraded Yum! Brands to Market Perform from Outperform as he remains concerned about Pizza Hut's sales underperformance and profit headwinds from incremental bad debt expense. The analyst believes it will lead to earnings downside in 2019-2021 dominating investor narrative and distracting to Yum management. Charles lowered his price target to $109 from $117 on Yum! Brands shares.
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.
