TD Cowen raised the firm’s price target on Yum! Brands to $144 from $138 and keeps an Outperform rating on the shares. The company gave guidance for 8%-plus core operating growth in 2024 despite pronounced sales headwinds in the Middle East and select Asian markets, though those are expected to improve as 2024 progresses, says the analyst, who sees “greater likelihood of alpha” in the second half than in the first half of 2024.
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:
- Notable companies reporting before tomorrow’s open
- YUM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Yum! Brands price target raised to $151 from $130 at BofA
- Yum! Brands price target raised to $164 from $155 at Citi
- Yum! Brands raises quarterly dividend 11% to 67c per share
Questions or Comments about the article? Write to editor@tipranks.com