Goldman Sachs Starts Yum! Brands (YUM) at Neutral

Goldman Sachs analyst Christine Cho initiates coverage on Yum! Brands (NYSE: YUM) with a Neutral rating and a price target of $150.00.

The analyst comments "We initiate research coverage of Yum! Brands (YUM) with a Neutral rating and 10% upside to our $150, 12-month price target. The company's meaningful tech investments have led to more than a doubling of digital sales (c.50% in the most recent quarter vs. 20% in 2019) as well as G&A leverage. Yum is now rolling into the “second parallel phase” of its technology journey which includes accelerated AI adoption and better consumer data utilization which could enable more personalized marketing strategies."

For an analyst ratings summary and ratings history on Yum! Brands click here. For more ratings news on Yum! Brands click here.

Shares of Yum! Brands closed at $137.30 yesterday.

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