Oppenheimer Reiterates Outperform Rating on Yum! Brands (YUM)

Oppenheimer analyst Brian Bittner reiterated an Outperform rating and $185.00 price target on Yum! Brands (NYSE: YUM)

The analyst comments: "We identify a path for YUM's continued outperformance (+10% vs. S&P's -6% year-to-date), and reiterate shares as a 'top pick' idea. YUM's diversified global growth model represents a resilient steady hand in the challenging market backdrop. Our analysis highlights clear levers to achieve mgmt.'s >8% targeted EBIT outlook with potential for upside to '25E consensus forecasts. We are attracted to Taco Bell's unlocked SSS momentum and an improving track for KFC Int'l trends—which combine to account for >80% of YUM's profits. Ahead of 1Q25 results on 4/30, we anticipate solidly in-line quarter results, which could stand-out as most restaurants carry riskier near-term forecasts. Reiterate $185 target."

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 $147.30 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)
• Fiserv (FISV) PT Lowered to $60 at Freedom Broker