BTIG Upgraded Yum! Brands from ‘Neutral’ to ‘Buy’

On June 27, Peter Salah of BTIG upgraded Yum! Brands (YUM) from “neutral” to “buy” with a target price of $92.0, which represents a return potential of 16.6%. Salah stated that the recent fall in Yum! Brands’ stock price made the stock more attractive. He expects the company’s $200 million investment in GrubHub to provide Yum! Brands with customer level data. The data aren’t available for other companies. The data could help Yum! Brands make better decisions for all three of its brands. Salah raised his 2019 EPS expectations for the company from $3.77 to $3.85.