Quick service restaurant operator Yum! Brands, Inc. (
) saw its earnings estimates and price target raised on Tuesday by
analysts at UBS.
The firm raised its estimates for YUM through 2011, noting the
company's margins are rising in the U.S., and sales are higher in
China. UBS currently rates the stock as a "Buy," and raised its
price target to $49. That new target represents a nearly 21% upside
to YUM's Monday closing price of $40.52.
Yum! Brands shares fell 25 cents, or -0.6%, in premarket trading
The Bottom Line
The company has a 2.07% dividend yield, based on last night's
closing stock price of $40.52. The stock has technical support in
the $36-$38 price area. If the shares can firm up, we see overhead
resistance around the all-time high levels of $42 a share. We would
remain on the sidelines for now.
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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