Yum Brands (YUM) reported strong earnings for Q2 2024, with a revenue increase of 10% compared to the previous year, driven by growth in its Taco Bell and KFC brands. Despite facing challenges from rising labor and commodity costs, the company remains optimistic about its performance and continues to focus on innovation and digital initiatives to drive future growth.
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Why Novo Nordisk Stock Dropped Today
Novo Nordisk (NVO -1.69%), known for its GLP-1 weight loss drugs Ozempic and Wegovy, saw a 2% decline after Reuters reported weak U.S. prescription data, raising concerns about its growth potential. Following this, DBS Bank downgraded its rating from "buy" to "sell," setting a price target of 330 Danish krone (approximately $50.28), which is 18% lower than its current trading price. Despite this, some analysts believe the stock may be undervalued at 18.2 times earnings,...
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