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.
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