Quick service restaurant (QSR) operator Yum! Brands, Inc. (
) late Thursday caught some continued bullish support from analysts
The firm reiterated its "Buy" rating and $81 price target on
UBS, suggesting a solid 28% upside to the stock's Thursday closing
price of $63.14.
However, UBS noted concerns in China for the company. The
analyst wonders whether YUM's attempts to grow its presence in
Chinese markets is worth the cost. Recently, reports surfaced that
a Chinese company that had invested in a YUM subsidiary was pulling
its plans for any further investments in China.
Yum! Brands shares were mostly flat in premarket trading
The Bottom Line
Shares of Yum Brands (
) have a 1.81% dividend yield, based on last night's closing stock
price of $63.14. The stock has technical support in the $57-$60
price area. If the shares can firm up, we see overhead resistance
around the $67-$68 price levels.
Yum! Brands, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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