Wall Street dips as third-quarter earnings season kicks off
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Jefferies Cuts Price target on Yum! Brands (YUM) to $71 Following 3Q
October 8, 2015 9:21 AM EDTJefferies maintained a Hold rating on Yum! Brands (NYSE: YUM), and cut the price target to $71.00 (from $80.00), following the company's 3Q reports. 3Q CC provided color on China's SSS and profitability outlook. Jefferies continues to see challenges on returning China to its historical financial & growth... More
RBC Capital Cuts Price Target on Yum! Brands (YUM) Following 3Q Results
October 8, 2015 7:04 AM EDTRBC Capital maintained a Top Pick rating on Yum! Brands (NYSE: YUM), and cut the price target to $80.00 (from $103.00), following the company's 3Q results. The primary cause of RBC Capital's 20pp reduction in 2016e EPS is the major deceleration in China Pizza Hut sales... More
UBS Raises Price target on Pepsi (PEP) Following 3Q EPS Beat
October 7, 2015 8:27 AM EDTUBS reiterated a Buy rating on Pepsico (NYSE: PEP), and raised the price target to $108.00 (from $107.00), following the company's 3Q15 earnings results. PEP reported $1.35 in adjusted EPS vs. consensus of $1.26.
Analyst Stephen Powers commented, "PEP delivered another beat in Q3, reporting $1.35 in... More
