Analysts: Yum’s Long-Term Outlook Positive and 3 Other Research Notes to Peruse

Yum! Brands (NYSE:YUM): RW Baird is increasingly confident regarding Yum! Brands following yesterday’s pullback. The firm has noted its mixed third quarter results and a cloudy outlook, but believes the long-term fundamentals remain positive. The performance bar has been set lower, and the expectation is that comps will begin to recover over the next few months. The analyst rated the shares Neutral with a $72 price target.

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Fastenal (NASDAQ:FAST):  RW Baird believes the weakness in Fastenal could be used as a buying opportunity, since the analyst believes the outlook for further growth remains positive. The firm cited signs of better execution, gradual economic improvement, and improved leverage from recent investments. The firm rated the shares Outperform with a $57 price target.

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Darden Restaurants (NYSE:DRI): After hedge fund Barrington Capital Group took a 2.8 percent stake in Darden and reportedly said it would push Darden to consider splitting itself into two separate companies, Oppenheimer wrote that a split would not increase the stock’s value much. Instead, Oppenheimer believes the company should take steps to boost its free cash flow, sales, and margin. The firm keeps a $53 price target and an Outperform rating on the shares.

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Deckers Outdoor (NASDAQ:DECK): Credit Suisse continues to believe Decker’s earnings in the second half will fall short, and has concerns regarding the company’s recent retail investments. Additionally, the analyst does not believe the company is well positioned for revenue acceleration given macroeconomic factors and the cautious industry commentary. Therefore, the firm reiterates its Underperform rating and $47 price target on the shares.

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