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Fly News Breaks for February 7, 2020
YUM
Feb 7, 2020 | 08:48 EDT
Baird analyst David Tarantino said he would buy the weakness in Yum! Brands shares following its Q4 results. He said although the operating profit missed lofty expectations, he believes underlying fundamentals remain healthy. He thinks the China issues will be transitory and outside of China he sees the potential for global momentum for KFC and Taco Bell. Tarantino reiterated his Outperform rating and $120 price target on Yum! Brands shares.
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