Oppenheimer Upgrades Yum Brands to Outperform, Maintains Price Target to $154
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Bittner has upgraded Yum Brands (NYSE:YUM) from Perform to Outperform while maintaining the price target at $154. This suggests a positive outlook on the company's future performance.
January 05, 2024 | 1:30 pm
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Yum Brands has been upgraded by Oppenheimer from Perform to Outperform, indicating a bullish stance by the analyst, with the price target reaffirmed at $154.
Upgrades by analysts often lead to a positive short-term reaction in the stock market as they suggest improved future performance or undervaluation at current prices. The maintenance of the price target indicates a belief in the stock's steady growth potential.
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