TD Cowen analyst Andrew Charles raised the firm’s price target on Yum! Brands (YUM) to $186 from $180 and keeps a Buy rating on the shares following Q1 results. TD Cowen is encouraged by the EPS beat, Taco Bell strength and commentary that the ripple effect of geopolitical headwinds should not weigh on KFC development, the firm told investors in a research note. The firm added that it continues to see Taco Bell as a positive revision story.
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