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Fly News Breaks for March 20, 2019
YUM
Mar 20, 2019 | 07:29 EDT
Mizuho analyst Jeremy Scott downgraded Yum! Brands to Underperform from Neutral with an unchanged price target of $84. The analyst says the majority of Yum's value creation over the next three years will be in the hands of its of franchisees, and as a result he expects a "bumpier ride in free cash flow to equity growth." He believes the bull case on sales growth is "entirely in the stock."
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