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JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Yum! Brands (NYSE:YUM) Stock
JPMorgan Chase & Co. has increased its price target for Yum! Brands (NYSE:YUM) stock to $170 from $160, maintaining an “overweight” rating and suggesting a 2.75% upside. This follows several other analysts who have also issued “buy” or “outperform” ratings with target prices ranging from $170 to $190. Despite ongoing insider stock sales totaling over $2.2 million in the last quarter, institutional investors hold a significant 82.37% stake in the company.