Fly News Breaks for February 14, 2020
Feb 14, 2020 | 08:20 EDT
Deutsche Bank analyst Brian Mullan initiated coverage of Yum! Brands with a Hold rating and $97 price target. Following a multi-year business transformation, Yum is set up very well for long-term net unit and system sales growth across the globe, Mullan tells investors in a research note. However, the analyst views the stock's risk/reward as "pretty balanced" when factoring in valuation and "legitimate" investor concerns over the uncertainty of the Pizza Hut brand in the U.S.
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