Wells Fargo lowered the firm’s price target on Yum! Brands (YUM) to $155 from $160 and keeps an Equal Weight rating on the shares. The firm notes shares are lower following softer Q2, Q3 uncertainly and rising concern that 2025 Operating Profit may fall short. Yum! Brands’ model is durable, and the team is responding, but Wells sees balanced risk/reward.
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