Quick service restaurant operator Yum! Brands, Inc. ( YUM ) on Monday caught an upgrade from analysts at Robert W. Baird.
The firm said it boosted its rating on YUM from "Neutral" to "Outperform" with a $60 price target, suggesting an 18% upside to the stock's Friday closing price of $50.71. Baird noted that the stock's recent pullback amid a larger market correction has created an attractive buying opportunity for investors.
Yum! Brands shares fell 81 cents, or -1.6%, in premarket trading Monday.
The Bottom Line
Shares of Yum Brands ( YUM ) have a 1.97% dividend yield, based on Friday's closing stock price of $50.71. The stock has technical support in the $46-$48 price area. If the shares can firm up, we see overhead resistance around the $54 price level.
Yum! Brands, Inc. ( YUM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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