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YUM

Yum! Brands

$93.38

-1.22 (-1.29%)

09:48
02/08/19
02/08
09:48
02/08/19
09:48

Yum! Brands price target raised to $100 from $88 at BMO Capital

BMO Capital analyst Andrew Strelzik raised his price target on Yum Brands to $100 after its better than expected comps and operating profit. The analyst notes that the company's 57c earnings miss was due to the "change in fair value of GrubHub investment and higher tax rate", adding that his new price target also reflects his rolled out model to 2020. Strelzik also keeps his Market Perform rating on Yum Brands, saying its positives are captured in the stock price.

YUM Yum! Brands
$93.38

-1.22 (-1.29%)

01/11/19
GSCO
01/11/19
DOWNGRADE
Target $76
GSCO
Sell
Yum! Brands downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Yum! Brands to Sell and lowered her price target for the shares to $76 from $83. The company's "peak valuations versus the market" are "overly dismissive of a number of risks," Holthouse tells investors in a research note. The analyst remains skeptical of a U.S. Pizza Hut recovery and has concerns about Taco Bell momentum "as it starts to lap a more aggressive value push that started in late 2017."
01/11/19
GSCO
01/11/19
DOWNGRADE
Target $68
GSCO
Neutral
Starbucks downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Starbucks to Neutral and lowered her price target for the shares to $68 from $75. The coffee giant closed yesterday up 31c to $64.19. The analyst remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1, Holthouse tells investors in a research note. Further, she has "incremental concerns" regarding the China macro environment and the company's comp trajectory in that region. Other consumer companies, like Apple (AAPL) and McDonald's (MCD), have noted weakness in China, the analyst points out. Holthouse this morning also upgraded Texas Roadhouse (TXRH) to Buy from Neutral and downgraded Yum! Brands (YUM) to Sell from Neutral.
01/11/19
01/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Asset managers BlackRock (BLK), Eaton Vance (EV), Ivesco (IVZ), Affiliated Managers (AMG) and Legg Mason (LM) downgraded to Hold from Buy at Deutsche Bank, with analyst Brian Bedell saying their fundamentals are "unlikely to improve anytime soon." The analyst believes "investor neglect" toward the stocks should continue on fears of a market downturn, as well as due to poor fundamentals from product outflows and pressure on fee rates and operating margins. 2. Starbucks (SBUX) downgraded to Neutral from Buy at Goldman Sachs by analyst Karen Holthouse, saying she remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1. The analyst also downgraded Yum! Brands (YUM) to Sell from Neutral. 3. Gap (GPS) downgraded to Underweight from Overweight at Barclays, with analyst Chethan Mallela saying he believes "challenging" traffic trends and "difficult" comparisons cloud visibility into the company's sales growth momentum. Further, the analyst believes the company's cost pressures will be larger than investors anticipate and pose risk to consensus estimates. 4. WW (WTW) downgraded to Neutral from Overweight at JPMorgan by analyst Christina Brathwaite, saying early in the year channel checks point to a weak start to 2019 for the company. The checks suggest traffic to WW''s website and engagement on its mobile app are down double-digit percentages year-over-year, the analyst added. 5. Hanesbrands (HBI) downgraded to Hold from Buy at Deutsche Bank, with analyst Tiffany Kanaga citing a deep dive of the company's international business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/04/19
UBSW
02/04/19
NO CHANGE
Target $105
UBSW
Buy
Yum! Brands set for further gains in 2019, says UBS
UBS analyst Dennis Geiger believes Yum! Brands shares are set for further gains in 2019 given Taco Bell strength, accelerating unit growth, and compelling free cash flow. The analyst said KFC and Taco Bell remain well positioned and generating good system sales growth, though he noted investor sentiment has turned more negative as shares have pushed higher. Geiger reiterated his Buy rating and raised his price target to $105 from $99 on Yum! Brands shares.

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