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

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Credit Suisse: Here's How Yum! Is Doing In China

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

Nov 2015OTR GlobalDowngradesNegative
Oct 2015Credit SuisseUpgradesUnderperformNeutral
Oct 2015OppenheimerMaintainsOutperform

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Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings


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