Morgan Stanley Maintains Overweight on Yum Brands, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass has maintained an Overweight rating on Yum Brands (NYSE:YUM) but lowered the price target from $155 to $150.

October 11, 2023 | 3:09 pm
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Morgan Stanley has maintained an Overweight rating on Yum Brands but lowered the price target from $155 to $150.
The news is directly related to Yum Brands. While the Overweight rating indicates a positive outlook, the lowering of the price target might create some uncertainty among investors. However, the impact on the stock price is likely to be neutral in the short term as the lowered price target is still relatively high.
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IMPORTANCE 80
RELEVANCE 100