JP Morgan Maintains Neutral on Yum Brands, Raises Price Target to $144
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains a Neutral rating on Yum Brands (NYSE:YUM) while raising the price target from $137 to $144.
September 16, 2024 | 3:36 pm
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JP Morgan has maintained a Neutral rating on Yum Brands but increased the price target from $137 to $144, indicating a positive outlook on the stock's potential.
The increase in the price target from $137 to $144 suggests that JP Morgan sees potential for growth in Yum Brands' stock, despite maintaining a Neutral rating. This could lead to a positive short-term impact on the stock price as investors may view the raised target as a sign of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100