Jefferies Reiterates Hold, $55 Target on Yum! Brands

Jefferies maintains its Hold rating and $55 target on Yum! Brands, Inc. (NYSE: YUM) as company's guidance for '12 came in line with expectations.

Jefferies says, “In advance of its analyst day, YUM released '12 guidance that is in-line with previous communications, calling for at least 10% EPS growth (at least $3.14 vs. $3.20 cons.), and reflecting continued optimism about growth opportunities in China, YRI & India. '11 EPS guide raised to $2.85 (+13%).”

YUM closed at $57.01 per share on Monday.