Yum! Brands’ Target Boosted at Morgan Stanley (YUM)

By Dividend.com,  September 21, 2010, 08:51:34 AM EDT

Quick service restaurant operator Yum! Brands, Inc. ( YUM ) on Tuesday saw its price target raised by analysts at Morgan Stanley.

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 re-accelerate.

Yum! Brands shares rose 17 cents, or +0.4%, in premarket trading Tuesday.

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. ( YUM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

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.


This article appears in: Investing, Stocks

Referenced Stocks: YUM



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