Barclays Maintains Overweight on Yum Brands, Lowers Price Target to $144
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on Yum Brands (NYSE:YUM) but lowers the price target from $146 to $144.
February 08, 2024 | 8:30 pm
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Barclays maintains an Overweight rating on Yum Brands but lowers the price target from $146 to $144.
The adjustment in price target by Barclays reflects a slight change in valuation perspective, possibly due to updated financial analysis or market conditions. However, maintaining the Overweight rating indicates a continued positive outlook on the company's performance. The impact on the stock price is likely neutral in the short term as the reduction in the price target is minimal and does not change the overall bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100