Yum! Brands price target raised to $89 from $80 at Oppenheimer Oppenheimer increased its price target on Yum! as the firm thinks the company's multiple could expand, while its earnings could surpass expectations going forward. The firm adds that Taco Bell's breakfast initiative has not been built into estimates and is thus "a free option" for investors. Oppenheimer recommends owning the stock now and keeps an Outperform rating on the shares.
Yum! Brands March weekly calls active amid renewed spin-off speculation Yum! Brands March weekly 79 and 80 calls are active on total call volume of 10,500 contracts (500 puts) amid renewed spin-off speculation. March weekly call option implied volatility is at 30, April is at 23, May is at 26; compared to its 26-week average of 22 according to Track Data. Active call volume suggests traders taking large positions for upside price movement.