Yum! Brands (YUM) PT Raised to $80 at Cowen Following 1Q Report; 'Strong 1Q Topline and EPS, Aided by Robust Taco Bell'

Cowen raised its price target on Yum! Brands (NYSE: YUM) to $80.00 (from $75.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst Andrew Charles notes company delivered first quarter earnings per share and top-line results above consensus projections, driven by robust sales momentum from the Taco Bell segment, as management continues to transition to a 98% franchise business model.

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