Various market performance charts
Markets

Yum! Brands’ Target Raised at Morgan Stanley (YUM)

Quick service restaurant operator Yum! Brands, Inc. ( YUM ) on Thursday saw its price target boosted by analysts at Morgan Stanley.

The firm said it now expects shares of YUM to reach $54, implying a 7.4% upside to the stock's Wednesday closing price of $50.27.

Morgan Stanley noted it expects the company to continue its growth in emerging markets, particularly in China. The analyst maintained its "Overweight" rating on the stock as a result.

Yum! Brands shares rose $1.02, or +2%, in premarket trading Thursday.

The Bottom Line

Shares of Yum Brands ( YUM ) have a 1.99% dividend yield, based on last night's closing stock price of $50.27. The stock has technical support in the $46-$48 price area. The shares are trading at all-time highs and have little overhead resistance.

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 Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

YUM

Other Topics

Stocks

Latest Markets Videos