Citi lowered the firm’s price target on Yum! Brands to $163 from $173 but keeps a Buy rating on the shares. The stock has bucked the Limited Service Restaurant trends during the current market swoon as it has fallen only 14%, and that trend can continue out of Q3 as Yum! continues to emphasize value flexibility and the willingness to reinvest strong margin performance toward share gains, the analyst tells investors in a research note.
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