Market Overview

UPDATE: Citigroup Reiterates Neutral Rating, Lowers PT on Yum! Brands

Share:
Related YUM
Mac 'n' Cheese + Cheetos = Burger King's Latest Feast
Nomura Downgrades McDonald's On Slowing Comps; Yum Brands Is Top Pick
Middleby Has Designs On Fast Pizzas ... And Getting Bigger (Investor's Business Daily)

In a report published Monday, Citigroup reiterated its Neutral rating on Yum! Brands (NYSE: YUM), but slightly lowered its price target from $71.00 to $70.00.

Citigroup noted, “At YUM US, Taco Bell sales trends were solid and KFC sales trends were OK, while Pizza Hut saw a drop off. Given updated China trends, we're lowering our '12-'14 EPS ests by 2c, 3c, and 3c respectively. Lowering target price by $1 to reflect our lower estimates.”

Yum! Brands closed on Friday at $66.87.

Latest Ratings for YUM

DateFirmActionFromTo
May 2016BernsteinAssumesOutperform
Apr 2016Credit SuisseMaintainsNeutral
Apr 2016Goldman SachsMaintainsSell

View More Analyst Ratings for YUM
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (YUM)

View Comments and Join the Discussion!