Jefferies Cuts Numbers on Yum! Brands (YUM) Following China Sales Warning

January 8, 2013 11:47 AM EST
Get Alerts YUM Hot Sheet
Price: $64.58 +0.86%

Rating Summary:
    16 Buy, 11 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies cut its price target on Hold-rated Yum! Brands (NYSE: YUM) from $70 to $68 following news that the lowered 4Q China SSS to -6% from -4%.

"Think momentum will be tough to regain, esp. with 1H13 already facing difficult compares, and expect NT multiple contraction," the analyst comments.

The firm lowered FY12/FY13 EPS to $3.24/3.57 from $3.26/3.63. Q412 EPS was cut from $0.84 to $0.83.

For an analyst ratings summary and ratings history on Yum! Brands click here. For more ratings news on Yum! Brands click here.

Shares of Yum! Brands closed at $67.89 yesterday.

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