YUM Stock Perks Up on Robert W. Baird Upgrade

It posted better-than-expected quarterly results last month


Yum Brands YUM Stock Perks Up on Robert W. Baird UpgradeOn Thursday, Robert W. Baird raised its rating for Yum! Brands (YUM), sending YUM stock up about 3% in morning trading.

YUM stock gained after analysts at the investment firm issued a research note changing their rating for the fast food chain operator from “neutral” to “outperform.” Robert W. Baird also hiked its price target for YUM stock from $79 to $87 a share, WKRB notes.

yum YUM Stock Perks Up on Robert W. Baird Upgrade
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The new target price is more than 16% higher than the $74.81 a share that YUM stock closed at on Wednesday.

Last month, YUM! Brands — which operates KFC, Pizza Hut and Taco Bell restaurant chains — posted fourth-quarter earnings that topped analysts forecasts.

YUM stock has rise more than 10% over the past 12 months.

Article printed from InvestorPlace Media, http://investorplace.com/2014/03/yum-stock-perks-robert-w-baird-upgrade/.

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