UBS Maintains a 'Buy' on Yum! Brands (YUM); China Growth at a Reasonable Price?
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Price: $148.11 -1.82%
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 23 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Yum! Brands (NYSE: YUM) price target of $81.00.
Analyst, David Palmer, is questioning whether the company's attempt to grow in China is coming at a reasonable price.
A few weeks ago, the stock got hit after reports a Chinese company, that invested in Little Sheep (a company YUM recently acquired) was getting cold feet, closing its Shanghai Office and not making any more investments in the region.
Last week, Goldman Sachs reduced FY12-14 estimates on YUM, citing a slowdown in the forward growth trajectory, saying the company was highly leveraged to China in a time of uncertainty.
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 $61.95 yesterday.
Analyst, David Palmer, is questioning whether the company's attempt to grow in China is coming at a reasonable price.
A few weeks ago, the stock got hit after reports a Chinese company, that invested in Little Sheep (a company YUM recently acquired) was getting cold feet, closing its Shanghai Office and not making any more investments in the region.
Last week, Goldman Sachs reduced FY12-14 estimates on YUM, citing a slowdown in the forward growth trajectory, saying the company was highly leveraged to China in a time of uncertainty.
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 $61.95 yesterday.
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