Yum! Brands Reports Third-Quarter GAAP Operating Profit Growth of 61%; Delivers Third-Quarter Core Operating Profit Growth of 11%; Maintains Full-Year Core Operating Profit Growth Guidance

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Go back to Yum! Brands Reports Third-Quarter GAAP Operating Profit Growth of 61%; Delivers Third-Quarter Core Operating Profit Growth of 11%; Maintains Full-Year Core Operating Profit Growth Guidance

Yum! Brands (YUM) PT Raised to $91 at Cowen; Reiterates Outperform

November 2, 2017 4:00 PM EDT

Cowen raised its price target on Yum! Brands (NYSE: YUM) to $91.00 (from $85.00) while maintaining a Outperform rating.YUM's 3Q results contained several encouraging updates. Same store sales outpaced Consensus Metrix forecasts in all three segments. YUM lowered 2017 CapEx guidance from $350-400M to... More