Back to main

Bank of America Lowers Price Target of Yum! Brands; Maintains “Buy” Rating (YUM)

Posted
12/7/2012 8:37:00 AM
By: Dividend.com
Referenced Stocks:YUM

Bank of America analysts lowered the price target of quick-service restaurant operator Yum! Brands, Inc. ( YUM ) on Friday due to a poor outlook of sales in China.

Bank of America now sees shares of YUM reaching $76, a +13.5% upside from Thursday's closing price of $66.92. The analysts maintain a "Buy" rating for the operator of KFC, Pizza Hut, and Taco Bell.

Yum! shares were up 10 cents, or +0.15%, in premarket trading on Friday.

The Bottom Line
Shares of Yum Brands ( YUM ) have a 2.00% dividend yield, based on last night's closing stock price of $66.92. The stock has technical support in the $62-$63 price area. If the shares can firm up, we see overhead resistance around the $70-$72 price levels.

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 .