BMO Capital analyst Andrew Strelzik raised the firm’s price target on Yum! Brands (YUM) to $168 from $165 and keeps a Market Perform rating on the shares after its Q1 earnings beat on stronger comps and operating margins. The company’s core profit drivers, Taco Bell and KFC International, remain well positioned amid a challenging macro, and the firm sees Yum’s growth algorithm as achievable over the long term, the analyst tells investors in a research note.
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