Market Overview

UPDATE: Morgan Stanley Cuts PT to $72 on Yum! Brands Ahead of Q4

Related YUM
Drogen: 4 Ways 'Fast Casual' Is Stealing Market Share From Fast Food
Jefferies Raises Yum! Brands Price Target
Making Money With Charles Payne: 12/2/14 (Fox Business)

Morgan Stanley reiterated its Overweight rating on Yum! Brands (NYSE: YUM) and lowered the price target from $77.00 to $72.00.

Morgan Stanley noted, "Depth and duration of sales declines in China and YUM's counteractions will likely be the entire focus of the 4Q call. Indications we've seen suggests the problem may have intensified due to the drumbeat of news stories. Lowering 1Q China SSS to -10%; cutting year to $3.58."

Yum! Brands closed at 64.63 on Friday.

Latest Ratings for YUM

DateFirmActionFromTo
Dec 2014JefferiesMaintainsHold
Dec 2014Morgan StanleyMaintainsEqual-weight
Dec 2014CLSADowngradesBuyOutperform

View More Analyst Ratings for YUM
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (YUM)

Around the Web, We're Loving...

Get Benzinga's Newsletters