BMO Capital analyst Andrew Strelzik lowered the firm’s price target on Yum! Brands to $136 from $142 and keeps a Market Perform rating on the shares. Yum!’s Q3 EPS of $1.44 exceeded consensus by 17c and momentum remains strong, though performance was more in-line than the headline suggests, and Yum! remains on track to outpace the long-term algorithm in 2024 and 2024, the analyst tells investors in a research note. BMO remains on the sidelines as shares already reflect the positives.
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