Yum! Brands (YUM) PT Lowered to $153 at Guggenheim

Guggenheim analyst Gregory Francfort lowered the price target on Yum! Brands (NYSE: YUM) to $153.00 (from $155.00) while maintaining a Buy rating.

The analyst commented, "We continue to rate YUM a Buy but trim our price target by $2 to $153. We trim our EPS estimates modestly for 2023 from $5.80 to $5.75 (and vs. $5.55 consensus). Both 4-5% unit growth and 2-3% comp long-term targets appear conservative for 2022, supporting upside to consensus numbers and continued outperformance in shares."

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