Market Overview

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

Share:
Related YUM
Nomura: International Expansion Could Drive Domino's Next Wave Of Growth
A Peek Into The Markets: U.S. Stock Futures Edge Lower; All Eyes On Apple Earnings
TFI Tab Food Investments Seeks $400 Million U.S. IPO (Seeking Alpha)

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
Nov 2017UBSMaintainsBuy
Nov 2017BMO CapitalMaintainsMarket Perform
Nov 2017Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for YUM
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

Related Articles (YUM)

View Comments and Join the Discussion!