Yum Brands was upgraded to buy from neutral atUBS on expectations that the fast food operators organic growth, profit margins and return on invested capital (ROIC) will all improve significantly by 2010. UBS said it expects organic revenue will see growth of 7% by 2010, up from around 5% today.
Yum Brands owns the Pizza Hut, KFC and Taco Bell chains as well as Long JohnSilver's and A&W All American Food.
The broker maintained its 12-month price target of $43. The stock closedFriday at $34.85.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment