Yum! Brands’ Price Target, Estimates Lifted at Credit Suisse (YUM)

in Gold Gold Investment by admin — March 10, 2010 7:06 am | no comments

Quick service restaurant operator Yum! Brands, Inc. ( YUM ) saw its price target and earnings estimates boosted on Wednesday by analysts at Credit Suisse. The analyst said it raised its price target on YUM to $44 from $41, citing bigger domestic profits. Suisse also raised its 2011 earnings estimate for the company to $2.76, while maintaining its “Outperform” rating on the stock. Yum! Brands shares fell 20 cents, or -0.6%, in premarket trading Wednesday. The Bottom Line We recently removed shares of YUM from our recommended list back on Nov.2, when the stock was trading at $32.95. The company has a 2.30% dividend yield, based on last night’s closing stock price of $36.60. The stock has technical support in the $32-$33 price area. If the shares can firm up, we see overhead resistance around the $40 price level. We would remain on the sidelines for now. Yum! Brands, Inc. ( YUM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .