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