UBS Maintains a 'Buy' on Yum! Brands (YUM)...It Is Worth A Premium
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Price: $148.11 -1.82%
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Yum! Brands (NYSE: YUM) price target raised from $76 to $81.
Analyst, David Palmer, "Following YUM’s 1Q earnings, we are raising our target to $81 from $76 and our 2012 and 2013 EPS estimates from $3.32 and $3.80 (+16% YOY) to $3.34 (+15% YOY) and $3.85 respect ively. We are also raising our US same store sales (SSS) growth estimate from 4% to 7%, including 3%, 10%, and 4% at KFC, Taco Bell, and Pizza Hut respectively. Our 2012E US and na profit growth forecasts move to 19% and 22% from 11% and 26% respectively."
"The help o f refranchising, we believe that the US is once again becoming a top tier fast food player and YRI is becoming more EM centric and highly franchised. Together with China, we believe this combination of sustainability, high returns, and consistency is worth a premium to its large cap consumer peers."
gs summary and ratings history on Yum! Brands click here. For more ratings news on Yum! Brands click here.
Shares of Yum! Brands closed at $71.41 yesterday.
Analyst, David Palmer, "Following YUM’s 1Q earnings, we are raising our target to $81 from $76 and our 2012 and 2013 EPS estimates from $3.32 and $3.80 (+16% YOY) to $3.34 (+15% YOY) and $3.85 respect ively. We are also raising our US same store sales (SSS) growth estimate from 4% to 7%, including 3%, 10%, and 4% at KFC, Taco Bell, and Pizza Hut respectively. Our 2012E US and na profit growth forecasts move to 19% and 22% from 11% and 26% respectively."
"The help o f refranchising, we believe that the US is once again becoming a top tier fast food player and YRI is becoming more EM centric and highly franchised. Together with China, we believe this combination of sustainability, high returns, and consistency is worth a premium to its large cap consumer peers."
gs summary and ratings history on Yum! Brands click here. For more ratings news on Yum! Brands click here.
Shares of Yum! Brands closed at $71.41 yesterday.
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