Here’s Why TD Cowen Reiterated Its Buy Rating on Yum Brands (YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) is 1 of the 7 Best Restaurant Stocks to Buy for Growth successful 2026. On March 20, Andrew Charles of TD Cower reiterated his $180 terms people connected the Yum! Brands, Inc. (NYSE:YUM) stock, on with the Buy rating. The expert is optimistic astir the company’s beardown selling plans and paper innovation. He expressed these views aft a gathering with the company’s management.

Andrew believes Taco Bell is the company’s astir prized marque and is connected way to execute an mean yearly portion measurement of $3 cardinal by 2030. The institution has antecedently forecast that its beverage conception volition go a $5 cardinal concern by 2030. Currently, it stands astatine astir $2.75 billion, truthful the maturation forecast is rather impressive. Here’s what the expert said astir the company’s beverage plans:

"Our mathematics suggests a burgeoning and on-trend iced java and vigor concern volition turn to $1.2 cardinal wrong the 2030 forecast. The people is expected to beryllium reached via a two-pronged strategy, namely Live Mas Cafes wrong Taco Bell restaurants and exporting beardown performing items from the cafes to the wide system."

After reviewing the company’s fourth-quarter results, Bank of America Securities somewhat lowered its net estimates due to the fact that it present projects higher expenses astatine Pizza Hut. Even though it lowered its estimates, BofA inactive accrued its terms people from $173 to $178 owed to a higher wide marketplace valuation multiple.

Yum! Brands, Inc. (NYSE:YUM) is simply a developer, franchiser, and relation of quick-service restaurants. The institution operates successful the Pizza Hut Division, KFC Division,  Habit Burger & Grill Division, and Taco Bell Division. It was founded successful 1997 and is based successful Louisville, Kentucky.

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