Citi analyst Jon Tower raised the firm’s price target on Yum! Brands to $164 from $155 and keeps a Buy rating on the shares. The analyst expects the company to report another quarter that demonstrates how the power of its model lies in the diversified sources of global growth, with softer near-tern comp growth likely offset by continued strong new store growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on YUM:
- Yum! Brands raises quarterly dividend 11% to 67c per share
- Yum! Brands price target raised to $130 from $128 at JPMorgan
- Wall Street chooses winners in restaurant space for 2024
- Yum! Brands price target raised to $154 from $150 at Morgan Stanley
- The restaurant stocks to own in 2024, according to Wells Fargo
