Bernstein Research reported on Wednesday that they have downgraded restaurant company, Yum! Brands, Inc.(YUM).
The firm has lowered their rating on YUM from “Outperform” to “Market Perform,” and has given the company a $72 price target. This price target suggests a 12% increase from the stock’s current price of $63.41.
Analysts have downgraded YUM due to a lowered outlook for China sales and unit growth.
Yum! Brands shares were down 98 cents, or -1.53% during Wednesday morning trading. The stock has been mostly flat in the past year.
The Bottom Line
Shares of Yum! Brands, Inc.(YUM) have a yield of 2.10%, based on Tuesday’s closing price of $63.70.
Yum! Brands, Inc.(YUM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.