Market Overview

UPDATE: Credit Suisse Raises PT to $70 on Yum! Brands on Improved China Trends

Related YUM
Markets Rally On Better Than Expected GDP; Dow Has Best Close In More Than A Month
Chipotle's Vegan Menu Expansion Is Bottom Line Healthy
Making Money With Charles Payne: 10/08/14 (Fox Business)

Credit Suisse maintained Yum! Brands (NYSE: YUM) with an Outperform rating and raised the price target from $67.00 to $70.00.

Credit Suisse analyst Keith Siegner wrote, "Adjusted for the New Year's calendar shift, comps improved from (~25%) in Jan to (~15%) in February. While still negative, we find two things encouraging: (1) an apparent bottom in January, and (2) a material improvement despite YUM not launching a marketing campaign to respond to the food safety incident until near the end of the month. Both of these suggest that things do not need to get worse before they get better and remove some of the downside risk."

Yum! Brands closed at $68.78 on Tuesday.

Latest Ratings for YUM

DateFirmActionFromTo
Oct 2014CitigroupMaintainsNeutral
Oct 2014BarclaysMaintainsEqual-weight
Oct 2014Stifel NicolausMaintainsBuy

View More Analyst Ratings for YUM
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

Related Articles (YUM)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional