by Christopher Freeburn | March 6, 2014 11:20 am
On 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.
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.
Source URL: http://investorplace.com/2014/03/yum-stock-perks-robert-w-baird-upgrade/
Short URL: http://invstplc.com/1f1H8JH
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.