Barclays Maintains an 'Equalweight' on Yum! Brands (YUM); Global Growth...China & A Whole Lot More
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Price: $152.33 +4.39%
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Barclays maintains an 'Equalweight' on Yum! Brands (NYSE: YUM) price target raised $2 to $56.
Barclays analyst says, "The 2011 Investor & Analyst Conference, similar to years past, focused on the large long-term international growth potential. It's hard not to be impressed by the size of the prize, with YUM's international opportunities robust, already 75% of global profit. For 2012, initial guidance is for "at least 10%" EPS growth, which appears very achievable. Such would mark the 11th consecutive year of such growth, and we believe investors are justifiably paying a premium for such consistency. With that said, while YUM believes their shares worth $70+, and well positioned in a challenging macro, we believe fairly valued, currently 18x 2012 EPS vs. the 12-19x three year range and 16.5x average."
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 $58.01 yesterday.
Barclays analyst says, "The 2011 Investor & Analyst Conference, similar to years past, focused on the large long-term international growth potential. It's hard not to be impressed by the size of the prize, with YUM's international opportunities robust, already 75% of global profit. For 2012, initial guidance is for "at least 10%" EPS growth, which appears very achievable. Such would mark the 11th consecutive year of such growth, and we believe investors are justifiably paying a premium for such consistency. With that said, while YUM believes their shares worth $70+, and well positioned in a challenging macro, we believe fairly valued, currently 18x 2012 EPS vs. the 12-19x three year range and 16.5x average."
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 $58.01 yesterday.
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