Citigroup Maintains Buy on Yum Brands, Lowers Price Target to $162
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower maintains a Buy rating on Yum Brands (NYSE:YUM) but lowers the price target from $166 to $162.
April 23, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Citigroup maintains a Buy rating on Yum Brands but lowers the price target from $166 to $162.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to a neutral short-term impact on Yum Brands' stock price as the market digests the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100