JP Morgan Maintains Neutral on Yum Brands, Raises Price Target to $134
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains a Neutral rating on Yum Brands (NYSE:YUM) and raises the price target from $133 to $134.
March 19, 2024 | 11:58 am
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JP Morgan analyst John Ivankoe maintains a Neutral rating on Yum Brands and raises the price target from $133 to $134.
The adjustment in price target by JP Morgan reflects a slight positive reassessment of Yum Brands' valuation, though the Neutral rating indicates no significant change in the company's outlook. This minor adjustment is unlikely to have a significant short-term impact on the stock price but signals a cautiously optimistic view on the company's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100