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Fly News Breaks for October 7, 2015
YUM, EL
Oct 7, 2015 | 12:36 EDT
Jefferies analyst Kevin Grundy says his analysis suggests a 60% correlation between Estee Lauder's (EL) sales in China and Yum! Brands' (YUM) same-store-sales. Yum!'s weak China results last night "should not be easily dismissed" and may be a "bard harbinger" for Estee Lauder's quarter, Grundy tells investors in a research note. He keeps a Hold rating on Estee Lauder with Yum! shares down 18% after its weaker than expected Q3 results.
News For EL;YUM From the Last 2 Days
EL
Apr 26, 2024 | 06:16 EDT
