BMO Capital analyst Andrew Strelzik raised the firm’s price target on Yum! Brands (YUM) to $155 from $150 and keeps a Market Perform rating on the shares. The company’s Q3 earnings topped consensus, reflecting stronger comps and favorable G&A/taxes, the analyst tells investors in a research note. Yum’s core profit drivers – Taco Bell and KFC International – remain well-positioned amid macro headwinds, and the Pizza Hut sale would be a strategic positive, the firm added.
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