Market Overview

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

Share:
Related YUM
Movers Alert: Fast Food Is Having A Good Wednesday
Soros Fund Management Sells American Express & Netflix, Buys FireEye In Q4
Yum Brands (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
Jan 2015BarclaysMaintainsEqual-weight
Dec 2014JefferiesMaintainsHold
Dec 2014Morgan StanleyMaintainsEqual-weight

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...

Get Benzinga's Newsletters