TD Cowen raised the firm’s price target on Yum! Brands (YUM) to $162 from $156 and keeps a Hold rating on the shares. The firm said they are encouraged by steps in the right direction in 3Q, particularly with Taco Bell’s sustained execution & initiating strategic alternatives for the underperforming Pizza Hut brand.
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Read More on YUM:
- Yum! Brands price target raised to $177 from $167 at Goldman Sachs
- Yum! Brands price target raised to $155 from $150 at BMO Capital
- Yum! Brands price target raised to $160 from $145 at Bernstein
- Yum! Brands price target raised to $175 from $163 at Barclays
- Yum! Brands: Strong Buy Rating Driven by Taco Bell and KFC Performance, Strategic Acquisitions, and Digital Advancements