Yum's (YUM) Planned China Rebound Speculative
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Price: $138.50 +0.46%
Rating Summary:
16 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
16 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Last month Yum! Brands' (NYSE: YUM) Q3 earnings report created doubts about its growth in China. Since then, YUM shares declined 10 percent, dropping from all time highs near $75 to trade near $67.
Commenting on the developments, analyst Brian Bittner said "We are on board with the long-term story and remain at Outperform, but believe recent SSS weakness in China and uncertainty regarding its cause or longevity could keep shares range-bound near term."
Despite his Outperform rating, Bittner warned that Yum's planned rebound in China is speculative.
"YUM expects a China comp rebound sometime in '13, but this appears based on historical trends and easing comparisons, rather than new evidence of a macro or bottoms-up recovery," he said.
Oppenheimer has an Outperform rating on Yum! Brands (NYSE: YUM) with a price target of $82.00.
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 $66.92 yesterday.
Commenting on the developments, analyst Brian Bittner said "We are on board with the long-term story and remain at Outperform, but believe recent SSS weakness in China and uncertainty regarding its cause or longevity could keep shares range-bound near term."
Despite his Outperform rating, Bittner warned that Yum's planned rebound in China is speculative.
"YUM expects a China comp rebound sometime in '13, but this appears based on historical trends and easing comparisons, rather than new evidence of a macro or bottoms-up recovery," he said.
Oppenheimer has an Outperform rating on Yum! Brands (NYSE: YUM) with a price target of $82.00.
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 $66.92 yesterday.
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