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Jefferies Cuts Price Target on Yum! Brands (YUM) Following China Spin-Off

November 21, 2016 7:52 AM EST

Jefferies maintained a Hold rating on Yum! Brands (NYSE: YUM), and cut the price target to $60.00 (from $85.00), following the company's split from China. The next potential catalyst for YUM will be around further re-franchising as it looks to get from ~93% to ~98%... More