Barclays Maintains an 'Equalweight' on Yum! Brands (YUM); Management Meetings; Top 10 Takeaways
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Price: $151.14 -0.78%
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, "Takeaways: 1) China Comp Outsized... Driven by Traffic on Value Offers, For Better or For Worse; 2) China Restaurant Margins... Committed to Protecting 20%, Supported by Pricing; 3) China COGS Inflation... Large, Persistent, Volatile and Therefore Difficult to Manage; 4) China Labor Inflation... Large but Visible, Manageable and a Net Long Term Positive, 5) Taco Bell Turnaround... Not Likely Until 2Q12 with Help from New Taco Launch; 6) Taco Bell Breakfast... Rollout a Long Time Coming, with a 7% Target Mix; 7) US Profit Growth in '12... Long Overdue, Aided by Cost Saves and Easy Compares; 8) YUM Corporate Break-up...Not Happening Under Current Management; 9) Balance Sheet and Cash Flow...Well Positioned and Comfortable with BBB- Investment Grade; & 10) See 1 through 9.."
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 $52.61 yesterday.
Barclays analyst says, "Takeaways: 1) China Comp Outsized... Driven by Traffic on Value Offers, For Better or For Worse; 2) China Restaurant Margins... Committed to Protecting 20%, Supported by Pricing; 3) China COGS Inflation... Large, Persistent, Volatile and Therefore Difficult to Manage; 4) China Labor Inflation... Large but Visible, Manageable and a Net Long Term Positive, 5) Taco Bell Turnaround... Not Likely Until 2Q12 with Help from New Taco Launch; 6) Taco Bell Breakfast... Rollout a Long Time Coming, with a 7% Target Mix; 7) US Profit Growth in '12... Long Overdue, Aided by Cost Saves and Easy Compares; 8) YUM Corporate Break-up...Not Happening Under Current Management; 9) Balance Sheet and Cash Flow...Well Positioned and Comfortable with BBB- Investment Grade; & 10) See 1 through 9.."
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 $52.61 yesterday.
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