Reported 1 day ago
Morgan Stanley has raised its price target for Yum! Brands (YUM) from $151 to $153, supporting a cautious optimism about the company's near-term outlook while maintaining an Equal Weight rating. The increase suggests a small potential upside of around 2.7% as the firm notes improving industry conditions, stabilizing input costs, and healthy consumer spending trends. Investors are awaiting Yum!’s upcoming earnings report for further insights into the company's performance, especially in profitable segments like Taco Bell.
Source: YAHOO