Quick service restaurant operator Yum! Brands, Inc. (
) on Friday saw its coverage initiated with a "Hold" rating by
analysts at Jefferies & Co.
The firm also set a $44 price target on YUM, which represents a
small downside from the stock's Thursday closing price of $45.82.
Jefferies noted the company could face margin and currency
pressures during the second half of the fiscal year.
Yum! Brands shares were mostly flat in premarket trading
The Bottom Line
Shares of YUM have a 2.18% dividend yield, based on last night's
closing stock price of $45.82. The stock has technical support in
the $40-$42 price area. If the shares can firm up, we see overhead
resistance around the all-time high levels of $46 a share. We like
the stock, but would like to see the name pull back before
considering it as a recommended play.
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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