Longbow Research Downgrades Yum! Brands (YUM) to Underperform

Longbow Research analyst Alton Stump downgraded Yum! Brands (NYSE: YUM) from Neutral to Underperform with a price target of $91.00.

The analyst comments "YUM! Brands certainly possesses a number of positive long-term attributes, such as its consistent KFC concept and global unit growth potential. However, we do not believe the shares deserve to trade at a substantial premium to its peers, especially given our concerns related to Pizza Hut’s drag on consolidated EBITDA and the likelihood Taco Bell's comps will slow at least in the near-term."

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 $110.67 yesterday.

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