Yum stock price support is currently seen near $136. Piper Sandler analyst Brian Mullan raised the firm’s price target on Yum ! Brands (YUM) to $157 from $155 and keeps a Neutral rating on the shares. The firm thinks there are a range of opinions in the investment community around whether KFC U.S. and Pizza Hut U.S. really mean much to Yum! or not, from a stock perspective. With “a clear-eyed acknowledgment” that these issues haven’t “mattered” much in the past, the firm believes that if current trends continue unabated, it could start to “matter” from a stock perspective. We have seen 561 institutional investors add shares of $YUM stock to their portfolio, and 515 decrease their positions in their most recent quarter. A breakout above $140.50 could trigger momentum-based buying from institutional traders looking at relative strength in the restaurant sector.
