BofA lowered the firm’s price target on Yum! Brands (YUM) to $143 from $144 and keeps a Neutral rating on the shares. The firm is fine-tuning estimates for companies across its restaurants coverage in a Q4 results preview for the group, noting that Black Box industry data same-store sales growth improved in November from October for all restaurant segments, while December showed deceleration across segments excluding family dining.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YUM:
- Yum! Brands price target lowered to $140 from $145 at TD Cowen
- Netflix upgraded, Reddit downgraded: Wall Street’s top analyst calls
- Yum! Brands downgraded to Market Perform from Outperform at Bernstein
- Apple downgraded, Intel upgraded: Wall Street’s top analyst calls
- Yum! Brands downgraded to Equal Weight from Overweight at Morgan Stanley