Yum! Brands Stock Price Target Raised by JPMorgan
JPMorgan has increased its stock price target for Yum! Brands, the parent company of Taco Bell, to $170. This revised target suggests a positive outlook for the company’s future performance.
Industry Challenges Ahead
The fast-food industry is facing challenges, with some competitors experiencing declines in their stock prices. Wendy’s, for example, is at risk of falling below its 52-week lows.
Taco Bell Expansion Plans on Hold
Taco Bell has put its expansion plans in Germany on hold due to internal reasons. This decision may impact the company’s growth prospects in this market.
Stable Stock Price
Despite mixed signals from the industry and company-specific developments, Yum! Brands’ stock price has remained relatively stable. The company’s recent close price was $149.14.
Key Statistics
- Stock price target: $170 (JPMorgan)
- Recent close price: $149.14
- Industry challenges:
- Wendy’s at risk of falling below 52-week lows