BUZZ-Street View: Yum posts solid quarter amid choppy environment

Yum Brands YUM.N beat estimates for Q4 comparable sales and profit on Thursday, on value offerings driving demand at Taco Bell

At least four brokerages raised PT on stock, with median PT of 23 brokerages at $90 - data compiled by LSEG

CHALLENGES REMAIN DESPITE TACO BELL BOOST

TD Cowen ("hold", PT raised by $11 to $151) sees further potential for Taco Bell outperformance and China stimulus tailwind, but says these are not sufficient to overpower development weakness and "opacity" in emerging markets view

Jefferies ("hold", PT raised by $5 to $138) says visibility still clouded given international franchise issues, tepid China and tough U.S. fast-food environment, but sees Taco Bell to continue outperforming

BofA ("neutral", PT raised by $10 to $153) is "cautiously optimistic" on account of Pizza Hut headwinds, challenged international unit development; sees 2025 to be another year of below-algorithm unit growth

BTIG ("neutral") believes past year's results have been impressive against broader industry challenges, but has stronger conviction in other names amongst their coverage, including McDonald's MCD.N