Yum! Brands, Inc. (YUM) Misses Q3 EPS by 8c; China Comps Down 11%
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Jefferies Cuts PT on Yum! Brands (YUM); Visibility Remaints Limited, See Seeing China Pressure
October 10, 2013 7:54 AM EDTJefferies maintains a Hold on Yum! Brands (NYSE: YUM), but cut its price target from $67 to $63 following Q3 results issued earlier this week.
Analyst Andy Barish noted that top-line visibility in Yum! remains limited. He said, YUM is seeing broad-based weakness across China, which it continues to believe is a function of lingering quality... More
Downward Revisions Likley for Yum! Brands (YUM) - Goldman
October 9, 2013 9:08 AM EDTLate on Tuesday Yum! Brands, Inc. (NYSE: YUM) reported Q3 EPS of $0.85, $0.08 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.53 billion. In the view of Goldman analyst Michael Kelter, the disappointing data suggests Yum! Brands multiple is too high.
... More
