Market Overview

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

Share:
Related YUM
McDonald's Happy Meal Undergoes Biggest Change In 30 Years
Benzinga's Top Downgrades
Yum China Nears New York Debut, Merchants Securities Lists In Hong Kong (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, β€œAt 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
Sep 2016RBC CapitalDowngradesTop PickOutperform
Sep 2016CitigroupMaintainsNeutral
Jul 2016BarclaysMaintainsEqual-weight

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!