Evercore ISI is making a tactical outperform trading call on Yum Brands and adding the stock to the firm’s “Tactical Outperform” list as the analyst sees a trading opportunity at current levels given Taco Bell momentum. The firm, which is raising its Q4 forecast same-store sales growth forecast from 4% to 5%, sees near-term improvement for Pizza Hut, which has easy comparisons in Q1. The firm maintains an In Line rating and $145 price target on Yum shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YUM:
- Yum! Brands downgraded to Neutral from Buy at Citi
- Yum! Brands franchisee checks see Taco Bell comps top expectations, says Loop
- Yum! Brands price target raised to $162 from $155 at Barclays
- Yum! Brands, Darden, Shake Shack named top restaurant picks at Oppenheimer
- Buy/Sell: Wall Street’s top 10 stock calls this week