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Fly News Breaks for May 18, 2015
YUM
May 18, 2015 | 08:35 EDT
Oppenheimer increased its price target on Yum! as the firm has become more upbeat on the company's fundamentals. The firm thinks that the sales of the company's China business appear set to recover in the near-term, and says that the Street appears to have underestimated restaurant margins of the China business through 2017. The firm keeps an Outperform rating on the shares.
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