JP Morgan Maintains Neutral on Yum Brands, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains a Neutral rating on Yum Brands (NYSE:YUM) and lowers the price target from $134 to $132.
May 03, 2024 | 6:48 pm
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NEUTRAL IMPACT
JP Morgan analyst John Ivankoe maintains a Neutral rating on Yum Brands and lowers the price target from $134 to $132.
The adjustment in price target by a major analyst like JP Morgan, while maintaining a neutral stance, suggests a minor recalibration of expectations rather than a significant change in the company's outlook. This is likely to have a neutral short-term impact on Yum Brands' stock price, as the market absorbs the slight adjustment without a change in the overall rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100