Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Yum! Brands (YUM) to $155 from $160 and keeps an Overweight rating on the shares. The company’s Q3 was mixed, with in-line earnings despite a comp shortfall, the analyst tells investors in a research note. The firm says Taco Bell’s U.S. momentum continues while the other brands to increase focus on value.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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’ Mixed Q3 2024 Performance
- Yum! Brands price target lowered to $134 from $148 at Gordon Haskett
- Boeing union to end strike, Palantir reports Q3 beat: Morning Buzz
- Yum! Brands sees Q4 operating profit up mid- to high-single digits
- Yum! Brands reports Q3 adjusted EPS $1.37, consensus $1.41