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Fly News Breaks for August 2, 2019
Aug 2, 2019 | 09:26 EDT
BTIG analyst Peter Saleh raised his price target on Yum! Brands (YUM) to $130 and kept his Buy rating after its Q2 earnings beat. The analyst says he remains confident in the company's global sales and business momentum along with the "robust" consumer environment and "steadily unfolding" international unit development. Saleh adds that Yum! Brands is benefiting from its expanding partnership with Grubhub (GRUB).
News For YUM;GRUB From the Last 2 Days
Sep 21, 2019 | 08:05 EDT
Despite a surge in second quarter household spending that suggested that consumers are spending with confidence, signs from Corporate America suggest otherwise, Steven Sears writes in this week's edition of Barron's. Meanwhile, business is booming in places "so far away from Wall Street that they might as well be on another planet," the author notes. Cracker Barrel (CBRL) reported good earnings and a big jump in the sale of inexpensive comfort foods, while Chipotle (CMG), McDonald's (MCD), Yum! Brands (YUM), Wendy's (WEN) and Restaurant Brands (QSR) are all performing well too. With economic and investor sentiment showing signs of shifting, restaurant stocks should still perform well, the publication notes, adding that the stocks have momentum and offer some safety if economic conditions sour. Reference Link