Atlantic Starts Yum! (YUM), Starbucks (SBUX) at Overweight, McDonald's (MCD) at Neutral

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Atlantic Equities' Alistair Scobie initiated coverage on Yum! Brands (NYSE: YUM) and Starbucks (Nasdaq: SBUX) with Overweight ratings and shares of McDonald's (NYSE: MCD) with a Neutral rating Tuesday morning.

The analyst set an $81 target on shares of Yum!, a $64 target on Starbucks, and a $102 target on McDonald's.

Shares of Yum! are down 0.2 percent to $71.30 in pre-open action, shares of Starbucks are down 0.36 percent to $55.71, and McDonald's shares are indicated very modestly higher at $97.01.

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