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Fly News Breaks for October 16, 2015
YUM
Oct 16, 2015 | 07:48 EDT
After Yum! lowered its Q4 China EPS outlook, announced that an activist had jointed its board, and said that it would soon announce its restructuring plans, Stifel expects the company to announce "a material restructuring plan" before its December 10 Analyst Meeting. Stifel predicts that the announcement will include plans to ultimately spin off the company's China unit. The firm also expects the company to reduce its costs in China in 2016. Stifel keeps a $100 price target and Buy rating on the shares.
News For YUM From the Last 2 Days
YUM
Apr 23, 2024 | 05:57 EDT
Citi lowered the firm's price target on Yum! Brands to $162 from $166 and keeps a Buy rating on the shares ahead of the Q1 report. The analyst expects Yum continues to voice confidence in 5% unit growth, and its digital initiatives are growing sales for franchisees. The firm views the company's near-term outlook as "shakier" than the long-term.
