Quick service restaurant operator Yum! Brands, Inc. (
) on Tuesday saw its price target raised by analysts at Morgan
The firm said it now expects YUM shares to reach $50, which
represents a potential 7% upside to the stock's Monday closing
price of $46.58. Morgan Stanley left its "Overweight" rating on YUM
unchanged, and noted that sales growth in China should soon
Yum! Brands shares rose 17 cents, or +0.4%, in premarket trading
The Bottom Line
Shares of YUM have a 2.15% dividend yield, based on last night's
closing stock price of $46.58. The stock has technical support in
the $40-$42 price area. If the shares can firm up, we see slight
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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