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JPMorgan Upgrades Yum Brands (YUM) to Overweight Amid Growth Prospects
JPMorgan Upgrades Yum Brands (YUM) to Overweight Amid Growth Prospects
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BTCCSquare news:
JPMorgan analysts have upgraded Yum Brands (NYSE:YUM) from Neutral to Overweight, citing strong free cash flow, 4%+ unit growth, and undervaluation as key drivers. Despite trimming the price target from $170 to $162, the new target still implies a 14% upside from Tuesday's close.
"The stock trades at late-2021 levels—it deserves a revisit," noted five-star analyst John Ivankoe. Investors agreed, sending shares up 2.5% post-announcement. The bullish call defies broader economic concerns around trade wars and political uncertainty.
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