Yum! Brands (YUM) PT Raised to $80 at Cowen Following 1Q Report; 'Strong 1Q Topline and EPS, Aided by Robust Taco Bell'

Cowen raised its price target on Yum! Brands (NYSE: YUM) to $80.00 (from $75.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst Andrew Charles notes company delivered first quarter earnings per share and top-line results above consensus projections, driven by robust sales momentum from the Taco Bell segment, as management continues to transition to a 98% franchise business model.

You May Also Be Interested In

• BAE Systems Plc (BA:LN) (BAESY) New Top Pick in EU Defence at Morgan Stanley
• Ajinomoto (2802:JP) (AJINY) PT Raised to JPY7,100 at Bernstein SocGen Group
• Nomura/Instinet Resumes Toyota Tsusho Corp (8015:JP) at Buy