YUM Stock Perks Up on Robert W. Baird Upgrade

by Christopher Freeburn | March 6, 2014 11:20 am

YUM Stock Perks Up on Robert W. Baird Upgrade

Yum Brands YUM Stock Perks Up on Robert W. Baird Upgrade[1]On Thursday, Robert W. Baird raised its rating[2] for Yum! Brands (YUM[3]), 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.

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[4].

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

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/05/Yum-Brands.png
  2. raised its rating: http://www.wkrb13.com/markets/274723/robert-w-baird-upgrades-yum-brands-to-outperform-yum/
  3. YUM: http://studio-5.financialcontent.com/investplace/quote?Symbol=YUM
  4. fourth-quarter earnings that topped analysts forecasts: http://investorplace.com/2014/02/yum-stock-largely-range-bound/#.Uxie7NxhOf0

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