Barclays on Yum! Brands (YUM) Thrid Qtr: China Comp Beat but Margins the Issue; Importantly, '11-'12 Guidance Affirmed
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Price: $152.99 +0.43%
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Yum! Brands (NYSE: YUM) price target of $54.00.
Barclays analyst says, "3Q11 EPS were in line with the Street, as a favorable China comp and tax was mitigated by ongoing global margin pressures. And while such pressures will continue, 2011 EPS guidance was "confidently" reaffirmed and 2012 is expected to be another year of "double-digit" growth."
"Outlook: '11 EPS growth guidance for 12%+ was re-affirmed, due to strength in China and other emerging markets. Relative to 3Q11, future results will benefit from recent China pricing and improving US profitability. Looking to '12, management expects to achieve their 11th straight year of double-digit growth, justifying a premium multiple."
For more ratings news on Yum! Brands click here and for the rating history of Yum! Brands click here.
Shares of Yum! Brands closed at $49.44 yesterday.
Barclays analyst says, "3Q11 EPS were in line with the Street, as a favorable China comp and tax was mitigated by ongoing global margin pressures. And while such pressures will continue, 2011 EPS guidance was "confidently" reaffirmed and 2012 is expected to be another year of "double-digit" growth."
"Outlook: '11 EPS growth guidance for 12%+ was re-affirmed, due to strength in China and other emerging markets. Relative to 3Q11, future results will benefit from recent China pricing and improving US profitability. Looking to '12, management expects to achieve their 11th straight year of double-digit growth, justifying a premium multiple."
For more ratings news on Yum! Brands click here and for the rating history of Yum! Brands click here.
Shares of Yum! Brands closed at $49.44 yesterday.
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