Goldman Sachs raised the firm’s price target on Yum! Brands (YUM) to $177 from $167 and keeps a Buy rating on the shares. Goldman Sachs continues to be encouraged by market share gains at Taco Bell US, with the brand executing and winning on value and menu innovation, as well as continued digital growth across brands as the company executes on the expansion of its Byte by Yum platform, the analyst tells investors in a research note. The firm sees further growth stemming from the momentum at KFC US, as well as the continued unit growth strength and white space opportunity for KFC international.
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