Despite all the concerns about the health of the Chinese economy, Yum! Brands, Inc. YUM 4.17% reported some surprisingly strong 1 percent year-over-year sales growth in its China division in December. Here’s what five top Wall Street firms have to say about Yum following the news.
Oppenheimer
Analyst Brian Bittner maintained his Outperform rating and $88 price target and sees “attractive upside potential by owning YUM into its transformative separation.”
Stifel
Analyst Paul Westra called the December sales numbers “better-than-feared” and doesn’t view China as a threat to the firm’s Buy rating or $100 price target for Yum.
Related Link: Jefferies Lowers Oil & Gas Price Forecasts
Baird
Analyst David Tarantino noted…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
