Atlantic Equities Gets Bullish on Yum! Brands & Starbucks; Neutral on McDonald’s (YUM, SBUX, MCD)

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Analysts at Atlantic Equities on Tuesday initiated coverage on multiple food retailers with varying outlooks.

The firm started YUM and SBUX with "Overweight" ratings. It also set an $81 price target on YUM (13% upside) and a $64 target on SBUX (14% upside).

Meanwhile, Atlantic Equities initiated coverage on McDonald's with a "Neutral" rating and $102 price target, suggesting a smaller 5% upside.

YUM, SBUX, and MCD shares were all mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of Yum Brands ( YUM ) have a 1.60% dividend yield, based on last night's closing stock price of $71.44. The stock has technical support in the $65-$66 price area. The shares are trading at all-time highs. Shares of Starbucks ( SBUX ) have a 1.22% dividend yield, based on last night's closing stock price of $55.91. The stock has technical support in the $50-$51 price area. The shares are trading at all-time highs. Shares of McDonald's ( MCD ) have a 2.89% dividend yield, based on last night's closing stock price of $96.97. The stock has technical support in the $90-$92 price area. The stock is trading near the all-time highs of $100-$102 a share.

None of the dividend stocks mentioned in this article are currently recommended by Dividend.com.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: MCD , SBUX , YUM

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