Yum Brands gains after JPM upgrades to 'overweight' on sustained growth
ReutersJun 25, 2025 1:35 PM
Shares of KFC and Taco Bell parent Yum Brands YUM.N up 2.6% at $146.45 in early trading
Brokerage JP Morgan upgrades stock to "overweight" from "neutral" on sustained unit growth, strong free cash flow generation and low valuation
Trims PT to $162 from $170; revised PT still implies more than 11% upside to stock's last close
Says new CEO Chris Turner, set to take over in October, is expected to continue focusing on tech, and drive franchisee returns
Ten brokerages rate the stock "buy" or higher, 20 "hold"; median PT is $159.5 - data compiled by LSEG
Stock up 9.4% YTD, including session gains
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