Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Yum! Brands (YUM) to $155 from $160 and keeps an Overweight rating on the shares. The company’s Q3 was mixed, with in-line earnings despite a comp shortfall, the analyst tells investors in a research note. The firm says Taco Bell’s U.S. momentum continues while the other brands to increase focus on value.
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