Morgan Stanley Sees China Sales In The Red Again For Yum! Brands, Inc.
In a report published Thursday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on Yum! Brands, Inc. (NYSE: YUM).
In the report, Morgan Stanley noted, “The fact that China sales were adversely impacted by the most recent supplier issue (first commented on in July) should not come as a surprise, though the magnitude (-13%) was not known. N/C to our below consensus ests as this is in-line with our expectations. Consensus still needs to come down.”
Yum! Brands closed on Wednesday at $71.48.
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|Oct 2016||Credit Suisse||Upgrades||Neutral||Outperform|
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