TD Cowen Maintains Buy on Yum Brands, Lowers Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles maintains a Buy rating on Yum Brands (NYSE:YUM) but lowers the price target from $160 to $156.

May 02, 2024 | 9:52 am
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TD Cowen maintains a Buy rating on Yum Brands but lowers the price target from $160 to $156.
The adjustment in price target by TD Cowen reflects a slight modification in valuation expectations for Yum Brands, likely due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. This could signal to investors that while expectations have been slightly adjusted, the overall bullish stance on the company remains unchanged.
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