Yum! Brands Upgraded to Buy as Taco Bell Drives Global Growth

Yum! Brands Inc. (NYSE:YUM) ranks among the best consumer discretionary stocks to buy now. Redburn-Atlantic upgraded Yum! Brands Inc. (NYSE:YUM) from Neutral to Buy on June 10 while raising the stock’s price target from $145 to $177.

Yum! Brands Upgraded to Buy as Taco Bell Drives Global Growth

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Chris Luyckx of Redburn-Atlantic cited Taco Bell’s outstanding performance and Yum! Brands’ strong global presence as major factors in the company’s success. Luyckx claims that Yum! Brands Inc. (NYSE:YUM) stands out in the industry owing to its growth potential and defensive resiliency. The analyst also noted that Taco Bell US and KFC International make significant contributions to the company’s EBIT.

Furthermore, Luyckx cited Yum! Brands’ strategic initiatives, which are expected to support the company’s growth trajectory. These include its diverse restaurant formats, its robust master franchise system, and its digital acceleration program, Byte.

Yum! Brands Inc. (NYSE:YUM) is an American multinational fast food corporation that operates well-known brands like KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill.

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Disclosure: None.