UBS Keeps Buy on Yum! Brands, $180 Target

UBS reiterates Buy rating on Yum! Brands with $180 price target ahead of Q1 earnings on April 29.
UBS expects Taco Bell same‑store sales growth of 7‑8% in Q1, beating consensus estimate of 5.2%.
Company’s 2026 guidance of 7% system‑sales growth and at least 8% core operating profit growth (excluding Pizza Hut) is reaffirmed.
UBS notes potential updates to guidance, focus on Taco Bell/KFC International sales, Byte tech platform, and Pizza Hut review outcome by end‑2026.