Morgan Stanley flags challenging Q3 outlook for Yum! Brands and peers
On October 15, Morgan Stanley said Yum! Brands, McDonald’s and Restaurant Brands International faced mixed Q3 results amid slower fast-food trends; it expected YUM results could fall short of forecasts in Q3 and possibly Q4, citing Taco Bell’s cyclosporiasis issues and estimates that may still include Pizza Hut. It called YUM a top pick among major chains. YUM rose 2.82% that day.
Deutsche Bank Adjusts Yum! Brands Price Target to $167
Deutsche Bank has revised its price target for Yum! Brands, Inc. from $174 to $167.
Deutsche Bank lowers Yum! Brands target to $167 from $174
On October 21, Deutsche Bank analyst Lauren Silberman lowered the target from $174 to $167 and reiterated Hold. YUM closed at $151.24, down 0.24%.
Citi cuts Yum! Brands target to $163 from $176
On October 21, analyst Jon Tower at Citigroup cut YUM’s target from $176 to $163 and maintained Neutral. Yum closed at $151.24 that day, down 0.24%.
Yum! Brands Highlights Sustainable Palm Oil Initiatives
Yum! Brands released an update on its sustainable palm oil sourcing efforts, emphasizing the role of human partnerships and collaboration with Conservation International.
Yum! Brands Announces Strategic Portfolio Reconfiguration and Digital Investment Plan
Yum! Brands is reconfiguring its business portfolio, including the sale of Pizza Hut, and committing $1.9 billion in capital expenditure to accelerate digital transformation.