Bernstein raised the firm’s price target on Yum! Brands (YUM) to $160 from $145 and keeps a Market Perform rating on the shares. The firm notes Taco Bell showcased that brands focused on innovation, value, and convenience can sustain market share gains despite challenging macro. KFC maintained a global development momentum and showed early signs of SSSG stabilization. In the U.S., marketing activations have re-engaged lapsed customers, Bernstein adds.
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 price target raised to $175 from $163 at Barclays
- Yum! Brands: Strong Buy Rating Driven by Taco Bell and KFC Performance, Strategic Acquisitions, and Digital Advancements
- Yum! Brands Hold Rating: Balancing Strong Sales Growth with Strategic Uncertainty
- Yum! Brands upgraded to Outperform from In Line at Evercore ISI
- Cautious Optimism for Yum! Brands Amid Mixed Performance and Strategic Challenges