Evercore ISI plays the long game with Yum Brands

|By:, SA News Editor

Evercore ISI lifts Yum Brands (NYSE:YUM) to an Outperform rating after having the restaurant stock set at In-Line.

The investment firm isn't looking for a quick pop in share price, calling the Yum bet a "slow and steady wins the race" upgrade.

"We believe YUM could be a $90 stock by the end of 2018, representing an annualized return of 19%, that discounted back should value YUM at $75," reads the Evercore note.

YUM +0.81% premarket to $64.33.

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