Market Overview

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

Share:
Related YUM
First Global On Yum: KFC, Pizza Hut, Taco Bell, China & Valuation Make Shares Attractive
Stifel, Morningstar Analysts React To McDonald's Decision To Quit Reporting Monthly Sales
Is Pizza Hut Focusing On Natural When It Should Focus On Technology? (Seeking Alpha)

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 2015Deutsche BankInitiates Coverage onHold
May 2015JP MorganUpgradesNeutralOverweight
Apr 2015CitigroupMaintainsNeutral

View More Analyst Ratings for YUM
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (YUM)

Around the Web, We're Loving...