Yum! Brands’ Target, Earnings Boosted at UBS (YUM)

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Quick service restaurant operator Yum! Brands, Inc. ( YUM ) 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 Tuesday.


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. ( 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.

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