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

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

Yum! Brands (YUM) PT Raised to $75 at RBC Capital

May 4, 2017 9:22 AM EDT

RBC Capital raised its price target on Yum! Brands (NYSE: YUM) to $75.00 (from $72.00) while maintaining a Outperform rating.

RBC raised 2017 and 2018 EPS estimates from $2.73 to $2.79 and $3.12 to $3.14, respectively. The adjustments are largely due to continued strength at Taco... More

Taco Bell Naked Chicken Chalupas, lower taxes boost Yum's profit

May 3, 2017 7:19 AM EDT

(Reuters) - Yum Brands Inc (NYSE: YUM) posted a better-than-expected quarterly profit, helped by lower taxes, vigorous sales of Taco Bell's Naked Chicken Chalupas and lower costs at KFC restaurants.

Shares of the company were up 2.7 percent at $68.13 in midday trading on Wednesday.

Sales rose 8 percent at Taco Bell restaurants open for more than a year, topping the 3.7 percent growth expected by analysts polled by research firm Consensus Metrix.

That sales figure at the company's "cult brand" was boosted by $1 Double Stacked Tacos, the return of the Triple Double Crunchwrap... More

Yum! Brands (YUM) Tops Q1 EPS by 5c

May 3, 2017 7:03 AM EDT

Yum! Brands (NYSE: YUM) reported Q1 EPS of $0.65, $0.05 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.35 billion.

Worldwide system sales grew 5% driven by 2% same-store sales growth and 3% net-unit growth.Maintains Full-Year... More