Bernstein raised the firm’s price target on Yum! Brands (YUM) to $160 from $145 and keeps a Market Perform rating on the shares. The firm notes Taco Bell showcased that brands focused on innovation, value, and convenience can sustain market share gains despite challenging macro. KFC maintained a global development momentum and showed early signs of SSSG stabilization. In the U.S., marketing activations have re-engaged lapsed customers, Bernstein adds.
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Read More on YUM:
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