Barclays raised the firm’s price target on Yum! Brands to $138 from $136 and keeps an Equal Weight rating on the shares ahead of the Q1 results. Restaurant comps were "outsized" in January, while "still resilient" in February and March, in line with Q4, the analyst tells investors in a research note. However, bullish investor sentiment could change in anticipation of a slowing macro environment, says the firm.
Published first on TheFly
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