Information Provided By:
Fly News Breaks for August 12, 2019
Aug 12, 2019 | 16:23 EDT
MKM Partners analyst Brett Levy started Yum! Brands with a Neutral rating and $125 price target.
News For YUM 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