Credit Suisse Upgrades Yum! Brands (YUM) to Outperform
Get Alerts YUM Hot Sheet
Rating Summary:
16 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 3
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Credit Suisse upgraded Yum! Brands (NYSE: YUM) from Neutral to Outperform with a price target of $96.00 (from $90.00), saying they see a compelling long-term outlook for the 'New Yum'.
Analyst James West commented, "Our bullish outlook primarily applies to "New Yum" (non-China), which will begin trading on a standalone basis on Nov 1, though we also see a favorable risk-reward in Yum China at the current multiple. We see potential for 30-35% total return in New Yum shares over the next ~two yrs. (base case), driven by above-trend EPS growth, modest multiple expansion (due to rising franchise mix), and the 2%+ div. yield."
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 $86.16 yesterday.
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