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Fly News Breaks for January 11, 2019
YUM
Jan 11, 2019 | 05:21 EDT
Goldman Sachs analyst Karen Holthouse downgraded Yum! Brands to Sell and lowered her price target for the shares to $76 from $83. The company's "peak valuations versus the market" are "overly dismissive of a number of risks," Holthouse tells investors in a research note. The analyst remains skeptical of a U.S. Pizza Hut recovery and has concerns about Taco Bell momentum "as it starts to lap a more aggressive value push that started in late 2017."
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