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Credit Suisse Starts Yum! Brands (YUM) at Underperform

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March 10, 2015 4:52 PM EDT
Get Alerts YUM Hot Sheet
Price: $141.56 -0.18%

Rating Summary:
    16 Buy, 25 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 8 | New: 1
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After the close, Credit Suisse initiated coverage on Yum! Brands (NYSE: YUM) with a Underperform rating and a price target of $74.00.

Analyst Jason West said the pace of the company's China recovery will be slower than expected due to macro trends and continued aggressive supply additions in that market, potentially causing earnings to miss. West said the current valuation doesn't reflect those risks.

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 $79.44 yesterday.


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