UBS Raises Target, Estimates on Yum! Brands (YUM)
Quick service restaurant operator Yum! Brands, Inc. ( YUM ) on Friday caught some further bullish commentary from analysts at UBS.
The firm maintained its "Buy" rating on YUM and lifted its price target to $81, suggesting a 13% upside to the stock's Thursday closing price of $71.41. The analyst also raised its earnings estimates for the company, citing its strong first quarter results.
Yum! Brands shares rose $1.26, or +1.7%, in morning trading Friday.
The Bottom Line
Shares of Yum Brands ( YUM ) have a 1.60% dividend yield, based on today's closing stock price of $71.41. The stock has technical support in the $65-$68 price area. The shares are trading at all-time highs.
Yum! Brands, Inc. ( YUM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.