Jun. 3 at 5:01 PM
Morgan Stanley upgraded Yum! Brands
$YUM to Overweight from Equal Weight and lifted its price target to
$185 from
$180. The shares, flat year to date, aren’t reflecting the company’s improving growth outlook, the firm says. Morgan Stanley argues Yum trades below where it should given its growth profile and business model relative to other franchised peers. The firm adds that both the KFC and Taco Bell stories remain “relatively clean” and offer strong brand exposure.
Shares of Yum! Brands are trading up about 2% in Tuesday trading.
Check what Fly KPIs trends are signaling for Yum! Brands.
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