Guggenheim raised the firm’s price target on Yum! Brands (YUM) to $155 from $150 and keeps a Buy rating on the shares. Noting that hotel, consumer packaged goods and restaurant stocks are up 25%, 7%, and 12%, respectively, since August, the analyst argues that Yum’s current valuation is “reasonable” for a business growing units by about 5% that can leverage to 10%-plus EPS growth over a multi-year period.
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