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Fly News Breaks for February 7, 2020
YUM
Feb 7, 2020 | 07:12 EDT
BMO Capital analyst Andrew Strelzik lowered his price target on Yum! Brands to $108 and kept his Market Perform rating after its below-consensus Q4 results, mixed comps, and higher G&A costs. The analyst adds that the company anticipates below long-term average growth in core operating profit in 2020 amid "choppy" performance at Pizza Hut and the impact of coronavirus in China, though he maintains that he is "comfortable" with its long-term growth algorithm.
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