Fly News Breaks for March 10, 2015
YUM
Mar 10, 2015 | 16:32 EDT
Credit Suisse after the close initiated shares of Yum! Brands with its sell-equivalent Underperform rating saying the company's business recovery in China will be slower than expected. The firm thinks the current valuation does not reflect the risks in China and that Yum!'s earnings may miss expectations this year. Credit Suisse put a $74 price target on the shares. The owner of KFC, Pizza Hut and Taco Bell closed trading down $1.56 to $77.88.
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