-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將目標股價上調3美元至180美元，維持2026年每股收益預期26倍的本益比不變，並高於該股五年平均預期本益比25倍。我們將2026年每股盈餘預期從6.80美元上調至6.91美元，並將2027年每股盈餘預期從7.60美元上調至7.73美元。鑑於第一季業績超出預期，我們重申「強烈買入」評級。百勝餐飲集團（YUM）的系統銷售額實現了強勁增長（+6%），主要得益於肯德基（同店銷售額增長2%）和塔可鐘（同店銷售額增長8%）的強勁表現，凸顯了其「提升標準」（Raise The Bar）策略的有效性，該策略旨在透過菜單創新、強大的價值感知和消費者洞察贏得未來消費者。單位經濟效益依然強勁，肯德基利潤率提升70個基點至43.6%，反映了營運效率的提高和有利的成本動態。儘管加大了成長投入，塔可鐘的利潤率仍維持在35.2%的行業領先水準。強勁的單店經濟效益，加上8.2%的淨門市成長（第一季淨增402家門市），支撐了7%的系統銷售額成長和8%的核心營業利潤成長的長期目標。
Related Articles
Oil & Energy
US Oil Update: Futures Tumble Amid Heightened US-Iran Tensions
Crude oil futures edged lower in midday trading on Thursday on reports that President Donald Trump would be briefed on expanded military options in Iran amid a deepening standoff between the US and Iran.Front-month West Texas Intermediate crude futures tumbled by 2.27% to $104.37 per barrel, while Brent futures dropped by 3.51% to $113.88/bbl.US crude exports surged last week as global buyers turned to American producers for alternative supplies amid the ongoing Middle East supply disruptions. The latest data from the Energy Information Administration shows that US crude stockpiles dropped by 6.2 million barrels to 459.5 mmbbls in the week ended April 24."This is a record high, surpassing the previous record of 5.63m b/d in February 2023," ING strategists said in a note Thursday, noting that these strong export volumes are increasingly tightening up the US domestic market.The inventories are now about 1% above the five-year average for this time of year, the EIA said.President Trump is reviewing new military options while maintaining a strict naval blockade on Iranian ports, signaling a hardline stance amid stalled negotiations.The US President is reportedly set to receive a briefing from the head of US Central Command, Admiral Brad Cooper, on plans for a series of new military strikes on Iran to force it to negotiate a deal to end the conflict.Iranian authorities, meanwhile, have vowed to respond with "long and painful strikes" on US positions if Washington renewed attacks, while reasserting control over the Strait of Hormuz.Iran Revolutionary Guards said that any new US military aggression would trigger previously undisclosed Iranian capabilities, including advanced smart targeting systems."You have seen the fate of your bases in the region; you will also see the fate of your warships", IRGC Aerospace Force Commander Majid Mousavi was quoted as saying.Iran's Supreme Leader, Mojtaba Khamenei, also said that Tehran would eliminate what he described as the enemy's abuse of the waterway under the new management of the strait, as his country moves to assert its control over the key chokepoint.On the supply front, the global oil market is undergoing a fragile rebalancing nearly two months after disruptions in the Hormuz slashed crude flows, with limited system flexibility keeping supplies tight.Data analytics firm Kpler said about 60 days into the disruption, oil flows through the key chokepoint remain close to minimal levels, falling from about 20 million barrels per day to about 1 million b/d in April.Traffic through the Hormuz remains limited and uneven, with crossings continuing to show a sharp directional imbalance, according to Kpler. As of April 29, a total of 12 vessel crossings were recorded, up by four day-on-day, with all ships moving west-to-east and no return traffic observed.
Australia
Market Chatter: Citigroup Pares Back Physical Trading in Industrial Metals
Citigroup (C) is stepping back from physical trading in industrial metals and has notified a number of staff from the commodities team about potential redundancies, Bloomberg reported Thursday, citing an employment tribunal in London.Citi said in a January letter that physical metals trading will no longer be a "core business activity," as the bank warned about 11 employees that they were at risk of redundancy and has let go a number of them since then, according to the report.Citi did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $128.19, Change: $+0.58, Percent Change: +0.45%
$C
Sectors
Update: Gold Rises as the Dollar and Yields Fall After a Report Showed U.S. Inflation Continues to Run Hot
(Updates prices.)Gold traded higher midafternoon Thursday as the dollar dropped after a report showed a key U.S. inflation measure rose last month while first-quarter gross domestic product rose less than expected.Gold for June delivery was last seen up US$71.30 to US$4,632.80 per ounce, remaining within the US$200 range it has traded within for the past month.The U.S. Bureau of Economic Analysis reported the March Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred inflation measure, rose 0.7% in March from the prior month, up from 0.4% fin February, but matching expectations according to Marketwatch. Core PCE, excluding volatile food and energy, rose 3.2% annualized, up from 3.0% in February and again matching expectations.The bureau also issued its first estimate of first-quarter U.S. GDP growth, reporting the measure rose at a 2.0% pace, up from 0.5% in the prior quarter and under expectations for a 2.2% rise.Gold's gain comes despite expectations higher interest rates are on the way as the war on Iran pushes up inflation. The Federal Reserve's policy committee on Wednesday ended its two-day meeting on Wednesday leaving rates unchanged, but signaled hikes may be on the horizon as inflation climbs."Gold has attracted fresh demand despite rising bond yields and a firmer dollar following Wednesday's FOMC meeting, where rates were left unchanged, but several members signalled a desire to remove the easing bias as the Iran war continues to cloud the economic outlook," Saxo Bank wrote.Still, the dollar was sharply lower early following the economic data, with the ICE dollar index last seen down 0.81 points to 98.15. Treasury yields also fell, with the yield on the U.S. two-year note last seen down 7.1 basis points to 3.894%, while the 10-year note was paying 4.397%, down 3.7 points.
$GCM6$GLD